October 8, 2024

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.94%

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

At the close in NYSE, the Dow Jones Industrial Average lost 0.94%, while the S&P 500 index lost 0.96%, and the NASDAQ Composite index declined 1.17%.

The best performers of the session on the Dow Jones Industrial Average were Boeing Co (NYSE:BA), which rose 0.59% or 0.91 points to trade at 155.91 at the close. Meanwhile, International Business Machines (NYSE:IBM) added 0.50% or 1.12 points to end at 227.12 and Caterpillar Inc (NYSE:CAT) was up 0.29% or 1.16 points to 398.25 in late trade.

The worst performers of the session were Travelers Companies (NYSE:TRV), which fell 4.34% or 10.24 points to trade at 225.97 at the close. Amazon.com Inc (NASDAQ:AMZN) declined 3.06% or 5.71 points to end at 180.80 and Walt Disney Company (NYSE:DIS) was down 2.90% or 2.76 points to 92.39.

The top performers on the S&P 500 were Super Micro Computer Inc (NASDAQ:SMCI) which rose 15.79% to 47.74, Air Products and Chemicals Inc (NYSE:APD) which was up 9.52% to settle at 312.69 and Generac Holdings Inc (NYSE:GNRC) which gained 8.52% to close at 173.82.

The worst performers were Everest Re Group Ltd (NYSE:EG) which was down 8.47% to 372.55 in late trade, Arch Capital Group Ltd (NASDAQ:ACGL) which lost 6.14% to settle at 107.81 and Assurant Inc (NYSE:AIZ) which was down 5.53% to 186.60 at the close.

The top performers on the NASDAQ Composite were Scholar Rock Holding Corp (NASDAQ:SRRK) which rose 361.46% to 34.24, Sobr Safe Inc (NASDAQ:SOBR) which was up 165.79% to settle at 10.10 and Snail Inc (NASDAQ:SNAL) which gained 63.73% to close at 1.67.

The worst performers were Vertex Energy Inc (NASDAQ:VTNR) which was down 51.85% to 0.05 in late trade, Trevena Inc (NASDAQ:TRVN) which lost 46.58% to settle at 2.50 and LakeShore Biopharma Co Ltd (NASDAQ:LSB) which was down 39.27% to 3.31 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2011 to 805 and 83 ended unchanged; on the Nasdaq Stock Exchange, 2240 fell and 1056 advanced, while 128 ended unchanged.

Shares in Air Products and Chemicals Inc (NYSE:APD) rose to 52-week highs; gaining 9.52% or 27.19 to 312.69. Shares in Generac Holdings Inc (NYSE:GNRC) rose to 52-week highs; gaining 8.52% or 13.64 to 173.82. Shares in International Business Machines (NYSE:IBM) rose to all time highs; up 0.50% or 1.12 to 227.12. Shares in Caterpillar Inc (NYSE:CAT) rose to all time highs; rising 0.29% or 1.16 to 398.25. Shares in Scholar Rock Holding Corp (NASDAQ:SRRK) rose to 52-week highs; up 361.46% or 26.82 to 34.24. Shares in Vertex Energy Inc (NASDAQ:VTNR) fell to all time lows; falling 51.85% or 0.06 to 0.05. Shares in Trevena Inc (NASDAQ:TRVN) fell to all time lows; down 46.58% or 2.18 to 2.50. Shares in Snail Inc (NASDAQ:SNAL) rose to 52-week highs; rising 63.73% or 0.65 to 1.67. Shares in LakeShore Biopharma Co Ltd (NASDAQ:LSB) fell to all time lows; down 39.27% or 2.14 to 3.31.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 17.86% to 22.64 a new 1-month high.

Gold Futures for December delivery was down 0.21% or 5.65 to $2,662.15 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 3.91% or 2.91 to hit $77.29 a barrel, while the December Brent oil contract rose 3.86% or 3.01 to trade at $81.06 a barrel.

EUR/USD was unchanged 0.02% to 1.10, while USD/JPY fell 0.40% to 148.12.

The US Dollar Index Futures was down 0.02% at 102.26.

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