EconomyEditor's PickNewsU.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.34%

2 years ago3712 min
imageStock Markets50 minutes ago (Oct 06, 2020 05:25PM ET)

(C) Reuters. U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.34% – U.S. stocks were lower after the close on Tuesday, as losses in the Consumer Services, Oil & Gas and Technology sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average lost 1.34%, while the S&P 500 index fell 1.40%, and the NASDAQ Composite index fell 1.57%.

The best performers of the session on the Dow Jones Industrial Average were Procter & Gamble Company (NYSE:PG), which rose 0.16% or 0.22 points to trade at 139.61 at the close. Meanwhile, Cisco Systems Inc (NASDAQ:CSCO) unchanged 0.00% or 0.00 points to end at 38.57 and International Business Machines (NYSE:IBM) was down 0.03% or 0.04 points to 121.97 in late trade.

The worst performers of the session were Boeing Co (NYSE:BA), which fell 6.81% or 11.66 points to trade at 159.54 at the close. Apple Inc (NASDAQ:AAPL) declined 2.87% or 3.34 points to end at 113.16 and Microsoft Corporation (NASDAQ:MSFT) was down 2.12% or 4.47 points to 205.91.

The top performers on the S&P 500 were Snap-On Inc (NYSE:SNA) which rose 2.92% to 156.05, Jefferies Financial Group Inc (NYSE:JEF) which was up 2.55% to settle at 19.29 and Edison International (NYSE:EIX) which gained 2.38% to close at 53.86.

The worst performers were Boeing Co (NYSE:BA) which was down 6.81% to 159.54 in late trade, Cimarex Energy Co (NYSE:XEC) which lost 6.13% to settle at 23.58 and Diamondback Energy Inc (NASDAQ:FANG) which was down 5.38% to 29.21 at the close.

The top performers on the NASDAQ Composite were Pioneer Pow (NASDAQ:PPSI) which rose 205.73% to 4.800, Electro-Sensors Inc (NASDAQ:ELSE) which was up 146.38% to settle at 8.50 and Asia Pacific Wire & Cable Corp Ltd (NASDAQ:APWC) which gained 96.27% to close at 2.630.

The worst performers were Corbus Pharmaceuticals Holding (NASDAQ:CRBP) which was down 35.98% to 1.21 in late trade, Axovant Gene Therapies Ltd (NASDAQ:AXGT) which lost 26.29% to settle at 4.15 and Miragen Therapeutics Inc (NASDAQ:MGEN) which was down 23.49% to 0.5815 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1918 to 1156 and 102 ended unchanged; on the Nasdaq Stock Exchange, 1631 fell and 1242 advanced, while 102 ended unchanged.

Shares in Pioneer Pow (NASDAQ:PPSI) rose to 52-week highs; gaining 205.73% or 3.230 to 4.800. Shares in Corbus Pharmaceuticals Holding (NASDAQ:CRBP) fell to 3-years lows; losing 35.98% or 0.68 to 1.21. Shares in Electro-Sensors Inc (NASDAQ:ELSE) rose to 5-year highs; up 146.38% or 5.05 to 8.50. Shares in Asia Pacific Wire & Cable Corp Ltd (NASDAQ:APWC) rose to 52-week highs; gaining 96.27% or 1.290 to 2.630.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 5.44% to 29.48.

Gold Futures for December delivery was down 2.00% or 38.40 to $1881.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 1.63% or 0.64 to hit $39.86 a barrel, while the December Brent oil contract fell 0.12% or 0.05 to trade at $41.89 a barrel.

EUR/USD was up 0.00% to 1.1735, while USD/JPY rose 0.00% to 105.62.

The US Dollar Index Futures was up 0.37% at 93.895.

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.34%

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