U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.05%

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

At the close in NYSE, the Dow Jones Industrial Average lost 1.05%, while the S&P 500 index fell 1.45%, and the NASDAQ Composite index lost 2.18%.

The best performers of the session on the Dow Jones Industrial Average were Verizon Communications Inc (NYSE:VZ), which rose 1.40% or 0.53 points to trade at 38.31 at the close. Meanwhile, Nike Inc (NYSE:NKE) added 0.84% or 0.97 points to end at 116.75 and Procter&Gamble Company (NYSE:PG) was up 0.29% or 0.44 points to 152.28 in late trade.

The worst performers of the session were Boeing Co (NYSE:BA), which fell 3.95% or 7.75 points to trade at 188.25 at the close. Intel Corporation (NASDAQ:INTC) declined 3.21% or 0.86 points to end at 25.97 and Microsoft Corporation (NASDAQ:MSFT) was down 2.55% or 6.24 points to 238.19.

The top performers on the S&P 500 were FedEx Corporation (NYSE:FDX) which rose 3.34% to 175.67, VF Corporation (NYSE:VFC) which was up 2.79% to settle at 26.17 and Warner Bros Discovery Inc (NASDAQ:WBD) which gained 2.10% to close at 9.23.

The worst performers were Tesla Inc (NASDAQ:TSLA) which was down 8.88% to 125.35 in late trade, Lam Research Corp (NASDAQ:LRCX) which lost 8.65% to settle at 409.11 and Applied Materials Inc (NASDAQ:AMAT) which was down 7.84% to 97.60 at the close.

The top performers on the NASDAQ Composite were IsoPlexis Corp (NASDAQ:ISO) which rose 102.87% to 1.40, E-Home Household Service Holdings Ltd (NASDAQ:EJH) which was up 91.76% to settle at 1.35 and Core Scientific Inc (NASDAQ:CORZ) which gained 72.94% to close at 0.09.

The worst performers were Akso Health Group DRC (NASDAQ:AHG) which was down 49.35% to 0.20 in late trade, Dragonfly Energy Holdings Corp (NASDAQ:DFLI) which lost 40.75% to settle at 14.86 and Pacifico Acquisition Corp (NASDAQ:CACO) which was down 35.06% to 1.13 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2344 to 733 and 105 ended unchanged; on the Nasdaq Stock Exchange, 2458 fell and 1229 advanced, while 163 ended unchanged.

Shares in Tesla Inc (NASDAQ:TSLA) fell to 52-week lows; down 8.88% or 12.22 to 125.35. Shares in Pacifico Acquisition Corp (NASDAQ:CACO) fell to all time lows; down 35.06% or 0.61 to 1.13.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 9.47% to 21.97.

Gold Futures for February delivery was down 1.41% or 25.70 to $1,799.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 0.03% or 0.02 to hit $78.27 a barrel, while the February Brent oil contract fell 0.57% or 0.47 to trade at $81.73 a barrel.

EUR/USD was unchanged 0.09% to 1.06, while USD/JPY fell 0.08% to 132.37.

The US Dollar Index Futures was up 0.25% at 104.11.