U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.88%

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

At the close in NYSE, the Dow Jones Industrial Average fell 0.88% to hit a new 1-month low, while the S&P 500 index lost 0.78%, and the NASDAQ Composite index fell 0.56%.

The best performers of the session on the Dow Jones Industrial Average were Amgen Inc (NASDAQ:AMGN), which rose 0.49% or 1.18 points to trade at 240.30 at the close. Meanwhile, Goldman Sachs Group Inc (NYSE:GS) added 0.47% or 1.54 points to end at 332.67 and Walmart Inc (NYSE:WMT) was up 0.05% or 0.07 points to 132.55 in late trade.

The worst performers of the session were Salesforce.com Inc (NYSE:CRM), which fell 2.22% or 3.55 points to trade at 156.12 at the close. American Express Company (NYSE:AXP) declined 1.72% or 2.66 points to end at 152.00 and Merck&Company Inc (NYSE:MRK) was down 1.75% or 1.52 points to 85.36.

The top performers on the S&P 500 were Meta Platforms Inc (NASDAQ:META) which rose 3.67% to 162.93, Las Vegas Sands Corp (NYSE:LVS) which was up 2.67% to settle at 37.63 and MarketAxess Holdings Inc (NASDAQ:MKTX) which gained 1.88% to close at 248.59.

The worst performers were PVH Corp (NYSE:PVH) which was down 10.49% to 56.25 in late trade, HP Inc (NYSE:HPQ) which lost 7.68% to settle at 28.71 and The Mosaic Company (NYSE:MOS) which was down 5.81% to 53.87 at the close.

The top performers on the NASDAQ Composite were Nuwellis Inc (NASDAQ:NUWE) which rose 121.25% to 1.46, GreenPro Capital Corp (NASDAQ:GRNQ) which was up 63.87% to settle at 2.54 and American Virtual Cloud Technologies Inc (NASDAQ:AVCT) which gained 43.39% to close at 0.46.

The worst performers were Newage Inc (NASDAQ:NBEV) which was down 36.67% to 0.23 in late trade, Mobile Global Esports Inc (NASDAQ:MGAM) which lost 31.70% to settle at 3.62 and ShiftPixy Inc (NASDAQ:PIXY) which was down 26.65% to 0.14 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2088 to 1001 and 121 ended unchanged; on the Nasdaq Stock Exchange, 2065 fell and 1648 advanced, while 231 ended unchanged.

Shares in ShiftPixy Inc (NASDAQ:PIXY) fell to all time lows; losing 26.65% or 0.05 to 0.14.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 1.30% to 25.87.

Gold Futures for December delivery was down 0.83% or 14.45 to $1,721.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October fell 3.10% or 2.84 to hit $88.80 a barrel, while the November Brent oil contract fell 2.96% or 2.90 to trade at $94.94 a barrel.

EUR/USD was unchanged 0.40% to 1.01, while USD/JPY rose 0.13% to 138.98.

The US Dollar Index Futures was down 0.08% at 108.66.