U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.32%

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

At the close in NYSE, the Dow Jones Industrial Average lost 0.32%, while the S&P 500 index lost 1.43%, and the NASDAQ Composite index declined 2.43%.

The best performers of the session on the Dow Jones Industrial Average were The Travelers Companies Inc (NYSE:TRV), which rose 4.30% or 6.79 points to trade at 164.71 at the close. Meanwhile, Microsoft Corporation (NASDAQ:MSFT) added 3.07% or 10.14 points to end at 340.67 and Walgreens Boots Alliance Inc (NASDAQ:WBA) was up 1.40% or 0.30 points to 21.67 in late trade.

The worst performers of the session were Intel Corporation (NASDAQ:INTC), which fell 5.09% or 1.76 points to trade at 32.83 at the close. Salesforce Inc (NYSE:CRM) declined 3.51% or 7.16 points to end at 197.06 and Dow Inc (NYSE:DOW) was down 3.41% or 1.68 points to 47.56.

The top performers on the S&P 500 were Waste Management Inc (NYSE:WM) which rose 6.11% to 164.08, The Travelers Companies Inc (NYSE:TRV) which was up 4.30% to settle at 164.71 and Westinghouse Air Brake Technologies Corp (NYSE:WAB) which gained 4.12% to close at 104.06.

The worst performers were Alphabet Inc Class C (NASDAQ:GOOG) which was down 9.60% to 126.67 in late trade, Alphabet Inc Class A (NASDAQ:GOOGL) which lost 9.51% to settle at 125.61 and MarketAxess Holdings Inc (NASDAQ:MKTX) which was down 9.26% to 214.08 at the close.

The top performers on the NASDAQ Composite were Abri SPAC I Inc (NASDAQ:ASPA) which rose 115.68% to 26.96, Nuvve Holding Corp (NASDAQ:NVVE) which was up 61.27% to settle at 0.24 and Aclarion Inc (NASDAQ:ACON) which gained 45.65% to close at 0.47.

The worst performers were reAlpha Tech Corp (NASDAQ:AIRE) which was down 47.31% to 60.59 in late trade, Forbion European Acquisition Corp (NASDAQ:FRBN) which lost 34.01% to settle at 12.01 and Sonnet Biotherapeutics Holdings Inc (NASDAQ:SONN) which was down 28.73% to 1.29 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2205 to 726 and 63 ended unchanged; on the Nasdaq Stock Exchange, 2426 fell and 1040 advanced, while 121 ended unchanged.

Shares in Abri SPAC I Inc (NASDAQ:ASPA) rose to all time highs; up 115.68% or 14.46 to 26.96. Shares in reAlpha Tech Corp (NASDAQ:AIRE) fell to all time lows; losing 47.31% or 54.41 to 60.59. Shares in Sonnet Biotherapeutics Holdings Inc (NASDAQ:SONN) fell to 5-year lows; falling 28.73% or 0.52 to 1.29.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 6.43% to 20.19.

Gold Futures for December delivery was up 0.24% or 4.75 to $1,990.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 1.80% or 1.51 to hit $85.25 a barrel, while the December Brent oil contract rose 2.19% or 1.93 to trade at $90.00 a barrel.

EUR/USD was unchanged 0.19% to 1.06, while USD/JPY rose 0.14% to 150.12.

The US Dollar Index Futures was up 0.26% at 106.35.