Stock Market
Wednesday, August 14, 2019 - 21:25
Top Level Title: 
U.S. stocks lower at close of trade; Dow Jones Industrial Average down 3.05% – U.S. stocks were lower after the close on Wednesday, as losses in the Oil&Gas, Basic Materials and Technology sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average lost 3.05% to hit a new 1-month low, while the S&P 500 index fell 2.93%, and the NASDAQ Composite index lost 3.02%.

The best performers of the session on the Dow Jones Industrial Average were Coca-Cola Company (NYSE:KO), which fell 0.92% or 0.49 points to trade at 53.01 at the close. Meanwhile, Walmart Inc (NYSE:WMT) fell 1.11% or 1.19 points to end at 106.22 and Verizon Communications Inc (NYSE:VZ) was down 1.17% or 0.66 points to 55.71 in late trade.

The worst performers of the session were Dow Inc (NYSE:DOW), which fell 5.91% or 2.77 points to trade at 44.08 at the close. Walgreens Boots Alliance Inc (NASDAQ:WBA) declined 5.01% or 2.66 points to end at 50.41 and Goldman Sachs Group Inc (NYSE:GS) was down 4.20% or 8.58 points to 195.53.

The top performers on the S&P 500 were Newmont Goldcorp Corp (NYSE:NEM) which rose 0.85% to 37.98, Ventas Inc (NYSE:VTR) which was up 0.24% to settle at 71.46 and Evergy Inc (NYSE:EVRG) which gained 0.08% to close at 63.790.

The worst performers were Macy’s Inc (NYSE:M) which was down 13.22% to 16.80 in late trade, Kohls Corp (NYSE:KSS) which lost 10.97% to settle at 45.11 and Nordstrom Inc (NYSE:JWN) which was down 10.65% to 26.02 at the close.

The top performers on the NASDAQ Composite were Akari Therapeutics PLC (NASDAQ:AKTX) which rose 62.22% to 2.920, Infrastructure and Energy Alternatives Inc (NASDAQ:IEA) which was up 53.97% to settle at 3.68 and Novavax Inc (NASDAQ:NVAX) which gained 40.47% to close at 6.040.

The worst performers were MMTEC Inc (NASDAQ:MTC) which was down 45.50% to 4.00 in late trade, Myriad Genetics Inc (NASDAQ:MYGN) which lost 42.76% to settle at 25.50 and DelMar Pharmaceuticals Inc (NASDAQ:DMPI) which was down 40.47% to 0.935 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2573 to 461 and 11 ended unchanged; on the Nasdaq Stock Exchange, 2276 fell and 391 advanced, while 77 ended unchanged.

Shares in Macy’s Inc (NYSE:M) fell to 5-year lows; down 13.22% or 2.56 to 16.80. Shares in Kohls Corp (NYSE:KSS) fell to 52-week lows; down 10.97% or 5.56 to 45.11. Shares in Evergy Inc (NYSE:EVRG) rose to all time highs; gaining 0.08% or 0.050 to 63.790. Shares in Nordstrom Inc (NYSE:JWN) fell to 5-year lows; losing 10.65% or 3.10 to 26.02. Shares in Dow Inc (NYSE:DOW) fell to 3-years lows; down 5.91% or 2.77 to 44.08. Shares in DelMar Pharmaceuticals Inc (NASDAQ:DMPI) fell to 5-year lows; losing 40.47% or 0.635 to 0.935.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 25.64% to 22.10.

Gold Futures for December delivery was up 0.86% or 13.00 to $1527.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 3.82% or 2.18 to hit $54.92 a barrel, while the October Brent oil contract fell 0.17% or 0.10 to trade at $58.96 a barrel.

EUR/USD was up 0.03% to 1.1141, while USD/JPY fell 0.12% to 105.77.

The US Dollar Index Futures was up 0.20% at 97.830.

© Reuters.