U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.02%

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Investing.com – U.S. stocks were lower after the close on Thursday, as losses in the Technology, Utilities and Industrials sectors led shares lower.

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At the close in NYSE, the Dow Jones Industrial Average lost 1.02%, while the S&P 500 index declined 1.16%, and the NASDAQ Composite index declined 1.47%.

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The best performers of the session on the Dow Jones Industrial Average were Chevron Corp (NYSE:CVX), which rose 1.79% or 3.08 points to trade at 175.22 at the close. Meanwhile, Verizon Communications Inc (NYSE:VZ) added 1.37% or 0.57 points to end at 41.70 and Merck&Company Inc (NYSE:MRK) was up 1.37% or 1.53 points to 113.61 in late trade.

The worst performers of the session were Walgreens Boots Alliance Inc (NASDAQ:WBA), which fell 6.14% or 2.30 points to trade at 35.19 at the close. Microsoft Corporation (NASDAQ:MSFT) declined 2.96% or 6.79 points to end at 222.31 and UnitedHealth Group Incorporated (NYSE:UNH) was down 2.88% or 14.55 points to 489.95.

The top performers on the S&P 500 were Lamb Weston Holdings Inc (NYSE:LW) which rose 9.66% to 95.93, Western Digital Corporation (NASDAQ:WDC) which was up 6.60% to settle at 35.23 and Valero Energy Corporation (NYSE:VLO) which gained 5.79% to close at 126.55.

The worst performers were Constellation Brands Inc Class A (NYSE:STZ) which was down 9.66% to 208.84 in late trade, ServiceNow Inc (NYSE:NOW) which lost 6.98% to settle at 366.36 and Sherwin-Williams Co (NYSE:SHW) which was down 6.74% to 227.73 at the close.

The top performers on the NASDAQ Composite were Bellerophon Therapeutics Inc (NASDAQ:BLPH) which rose 150.33% to 2.29, Magic Empire Global Ltd (NASDAQ:MEGL) which was up 75.57% to settle at 2.30 and ABVC Biopharma Inc (NASDAQ:ABVC) which gained 72.58% to close at 1.07.

The worst performers were Lucira Health Inc (NASDAQ:LHDX) which was down 32.13% to 0.29 in late trade, TC BioPharm Holdings PLC (NASDAQ:TCBP) which lost 30.06% to settle at 3.42 and Bed Bath&Beyond Inc (NASDAQ:BBBY) which was down 29.88% to 1.69 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1878 to 1196 and 99 ended unchanged; on the Nasdaq Stock Exchange, 2198 fell and 1546 advanced, while 159 ended unchanged.

Shares in Lamb Weston Holdings Inc (NYSE:LW) rose to all time highs; up 9.66% or 8.45 to 95.93. Shares in Constellation Brands Inc Class A (NYSE:STZ) fell to 52-week lows; losing 9.66% or 22.32 to 208.84. Shares in Merck&Company Inc (NYSE:MRK) rose to all time highs; rising 1.37% or 1.53 to 113.61. Shares in Bed Bath&Beyond Inc (NASDAQ:BBBY) fell to 5-year lows; down 29.88% or 0.72 to 1.69.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 2.04% to 22.46.

Gold Futures for February delivery was down 1.09% or 20.30 to $1,838.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 1.32% or 0.96 to hit $73.80 a barrel, while the March Brent oil contract rose 1.17% or 0.91 to trade at $78.75 a barrel.

EUR/USD was down 0.75% to 1.05, while USD/JPY rose 0.57% to 133.38.

The US Dollar Index Futures was up 0.86% at 104.92.

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