U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.71%

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

At the close in NYSE, the Dow Jones Industrial Average declined 1.71% to hit a new 52-week low, while the S&P 500 index lost 1.51%, and the NASDAQ Composite index lost 1.51%.

The best performers of the session on the Dow Jones Industrial Average were UnitedHealth Group Incorporated (NYSE:UNH), which fell 0.47% or 2.39 points to trade at 506.44 at the close. Meanwhile, Walgreens Boots Alliance Inc (NASDAQ:WBA) fell 0.48% or 0.15 points to end at 31.40 and Merck&Company Inc (NYSE:MRK) was down 0.52% or 0.45 points to 86.19 in late trade.

The worst performers of the session were Nike Inc (NYSE:NKE), which fell 12.71% or 12.12 points to trade at 83.21 at the close. Boeing Co (NYSE:BA) declined 3.31% or 4.15 points to end at 121.18 and Walt Disney Company (NYSE:DIS) was down 3.07% or 2.99 points to 94.46.

The top performers on the S&P 500 were Charles River Laboratories (NYSE:CRL) which rose 3.80% to 197.23, Weyerhaeuser Company (NYSE:WY) which was up 3.06% to settle at 28.60 and Twitter Inc (NYSE:TWTR) which gained 2.74% to close at 43.91.

The worst performers were Carnival Corporation (NYSE:CCL) which was down 23.31% to 7.03 in late trade, Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) which lost 18.11% to settle at 11.35 and Royal Caribbean Cruises Ltd (NYSE:RCL) which was down 13.14% to 37.91 at the close.

The top performers on the NASDAQ Composite were FingerMotion Inc (NASDAQ:FNGR) which rose 82.16% to 3.37, SAITECH Global Corp (NASDAQ:SAI) which was up 43.36% to settle at 3.24 and Avenue Therapeutics Inc (NASDAQ:ATXI) which gained 39.03% to close at 10.08.

The worst performers were Atlis Motor Vehicles Inc (NASDAQ:AMV) which was down 39.91% to 20.40 in late trade, Aterian Inc (NASDAQ:ATER) which lost 37.06% to settle at 1.24 and Edesa Biotech Inc (NASDAQ:EDSA) which was down 34.66% to 0.92 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1752 to 1358 and 111 ended unchanged; on the Nasdaq Stock Exchange, 2132 fell and 1607 advanced, while 194 ended unchanged.

Shares in Carnival Corporation (NYSE:CCL) fell to 5-year lows; down 23.31% or 2.13 to 7.03. Shares in Nike Inc (NYSE:NKE) fell to 52-week lows; down 12.71% or 12.12 to 83.21. Shares in Walgreens Boots Alliance Inc (NASDAQ:WBA) fell to 5-year lows; falling 0.48% or 0.15 to 31.40. Shares in Atlis Motor Vehicles Inc (NASDAQ:AMV) fell to all time lows; losing 39.91% or 13.55 to 20.40. Shares in Aterian Inc (NASDAQ:ATER) fell to all time lows; down 37.06% or 0.73 to 1.24. Shares in Edesa Biotech Inc (NASDAQ:EDSA) fell to 5-year lows; down 34.66% or 0.49 to 0.92.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 0.69% to 31.62.

Gold Futures for December delivery was up 0.11% or 1.90 to $1,670.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 1.86% or 1.51 to hit $79.72 a barrel, while the December Brent oil contract fell 2.13% or 1.86 to trade at $85.32 a barrel.

EUR/USD was unchanged 0.08% to 0.98, while USD/JPY rose 0.23% to 144.77.

The US Dollar Index Futures was down 0.10% at 112.10.