U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.96%

Investing.com – U.S. stocks were lower after the close on Wednesday, as losses in the Technology , Consumer Services and Consumer Goods sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 0.96%, while the S&P 500 index declined 0.92%, and the NASDAQ Composite index fell 1.59%.

The best performers of the session on the Dow Jones Industrial Average were Verizon Communications Inc (NYSE:VZ ), which rose 3.30% or 1.37 points to trade at 42.87 at the close. Meanwhile, Walmart Inc (NYSE:WMT ) added 1.52% or 1.25 points to end at 83.27 and Johnson & Johnson (NYSE:JNJ ) was up 1.47% or 2.41 points to 165.86 in late trade.

The worst performers of the session were McDonald’s Corporation (NYSE:MCD ), which fell 5.12% or 16.12 points to trade at 298.57 at the close. 3M Company (NYSE:MMM ) declined 2.90% or 3.83 points to end at 127.91 and Amazon.com Inc (NASDAQ:AMZN ) was down 2.61% or 4.95 points to 184.75.

The top performers on the S&P 500 were Northern Trust Corporation (NASDAQ:NTRS ) which rose 7.02% to 102.51, Teledyne Technologies Incorporated (NYSE:TDY ) which was up 6.00% to settle at 470.09 and Packaging Corp of America (NYSE:PKG ) which gained 5.53% to close at 228.65.

The worst performers were Enphase Energy Inc (NASDAQ:ENPH ) which was down 14.92% to 78.47 in late trade, Seagate Technology PLC (NASDAQ:STX ) which lost 8.10% to settle at 103.52 and Old Dominion Freight Line Inc (NASDAQ:ODFL ) which was down 5.45% to 188.67 at the close.

The top performers on the NASDAQ Composite were LA Rosa Holdings Corp (NASDAQ:LRHC ) which rose 130.61% to 1.13, Kwesst Micro Systems Inc (NASDAQ:KWE ) which was up 113.14% to settle at 2.53 and Tevogen Bio Holdings Inc (NASDAQ:TVGN ) which gained 54.04% to close at 2.48.

The worst performers were Premium Catering Holdings Ltd (NASDAQ:PC ) which was down 66.01% to 1.39 in late trade, Silexion Therapeutics Corp (NASDAQ:SLXN ) which lost 32.00% to settle at 0.31 and Digital Brands Group Inc (NASDAQ:DBGI ) which was down 30.54% to 0.25 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2038 to 776 and 77 ended unchanged; on the Nasdaq Stock Exchange, 2296 fell and 1012 advanced, while 137 ended unchanged.

Shares in Northern Trust Corporation (NASDAQ:NTRS ) rose to 52-week highs; gaining 7.02% or 6.72 to 102.51. Shares in Teledyne Technologies Incorporated (NYSE:TDY ) rose to 52-week highs; gaining 6.00% or 26.60 to 470.09. Shares in Packaging Corp of America (NYSE:PKG ) rose to all time highs; gaining 5.53% or 11.99 to 228.65. Shares in Walmart Inc (NYSE:WMT ) rose to all time highs; up 1.52% or 1.25 to 83.27. Shares in Premium Catering Holdings Ltd (NASDAQ:PC ) fell to all time lows; losing 66.01% or 2.70 to 1.39.

The CBOE Volatility Index , which measures the implied volatility of S&P 500 options, was up 5.71% to 19.24.

Gold Futures for December delivery was down 1.10% or 30.30 to $2,729.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 0.99% or 0.71 to hit $71.03 a barrel, while the December Brent oil contract fell 1.05% or 0.80 to trade at $75.24 a barrel.

EUR/USD was unchanged 0.11% to 1.08, while USD/JPY rose 1.09% to 152.70.

The US Dollar Index Futures was up 0.32% at 104.24.

Source: Investing.com