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

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

At the close in NYSE, the Dow Jones Industrial Average lost 1.02%, while the S&P 500 index declined 1.58%, and the NASDAQ Composite index lost 1.98%.

The best performers of the session on the Dow Jones Industrial Average were Johnson&Johnson (NYSE:JNJ), which rose 0.93% or 1.52 points to trade at 165.20 at the close. Meanwhile, UnitedHealth Group Incorporated (NYSE:UNH) added 0.62% or 3.05 points to end at 491.99 and Verizon Communications Inc (NYSE:VZ) was up 0.58% or 0.22 points to 37.31 in late trade.

The worst performers of the session were Dow Inc (NYSE:DOW), which fell 5.21% or 2.88 points to trade at 52.51 at the close. American Express Company (NYSE:AXP) declined 2.79% or 4.48 points to end at 156.11 and Intel Corporation (NASDAQ:INTC) was down 2.63% or 0.78 points to 28.88.

The top performers on the S&P 500 were Brown&Brown Inc (NYSE:BRO) which rose 3.18% to 63.00, Centene Corp (NYSE:CNC) which was up 2.45% to settle at 69.32 and Fiserv Inc (NASDAQ:FISV) which gained 2.38% to close at 120.09.

The worst performers were First Republic Bank (NYSE:FRC) which was down 49.25% to 8.12 in late trade, SVB Financial Group (OTC:SIVBQ) which lost 19.17% to settle at 0.58 and Signature Bank (OTC:SBNY) which was down 15.71% to 0.13 at the close.

The top performers on the NASDAQ Composite were Centogene B V (NASDAQ:CNTG) which rose 120.27% to 1.63, CXApp Inc (NASDAQ:CXAI) which was up 98.73% to settle at 12.50 and Apollomics Inc (NASDAQ:APLM) which gained 59.65% to close at 6.45.

The worst performers were TRACON Pharmaceuticals Inc (NASDAQ:TCON) which was down 46.63% to 0.95 in late trade, Tempo Automation Holdings Inc (NASDAQ:TMPO) which lost 42.25% to settle at 0.46 and Vyant Bio Inc (NASDAQ:VYNT) which was down 36.71% to 0.35 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2487 to 494 and 71 ended unchanged; on the Nasdaq Stock Exchange, 2838 fell and 767 advanced, while 126 ended unchanged.

Shares in First Republic Bank (NYSE:FRC) fell to all time lows; down 49.25% or 7.88 to 8.12. Shares in Fiserv Inc (NASDAQ:FISV) rose to 52-week highs; rising 2.38% or 2.79 to 120.09. Shares in Signature Bank (OTC:SBNY) fell to all time lows; falling 15.71% or 0.02 to 0.13. Shares in TRACON Pharmaceuticals Inc (NASDAQ:TCON) fell to all time lows; down 46.63% or 0.83 to 0.95. Shares in Tempo Automation Holdings Inc (NASDAQ:TMPO) fell to all time lows; losing 42.25% or 0.34 to 0.46. Shares in Vyant Bio Inc (NASDAQ:VYNT) fell to all time lows; down 36.71% or 0.20 to 0.35.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 11.31% to 18.80.

Gold Futures for June delivery was up 0.34% or 6.75 to $2,006.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 1.99% or 1.57 to hit $77.19 a barrel, while the July Brent oil contract fell 2.30% or 1.90 to trade at $80.64 a barrel.

EUR/USD was down 0.60% to 1.10, while USD/JPY fell 0.38% to 133.71.

The US Dollar Index Futures was up 0.49% at 101.57.