U.S. shares lower at close of trade; Dow Jones Industrial Average down 0.81%

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Investing.com – U.S. equities were lower at the close on Wednesday, as losses in the Basic Materials, Utilities and Industrials sectors propelled shares lower.

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At the close in NYSE, the Dow Jones Industrial Average lost 0.81%, while the S&P 500 index fell 1.08%, and the NASDAQ Composite index fell 0.73%.

The biggest gainers of the session on the Dow Jones Industrial Average were Caterpillar Inc (NYSE:CAT), which rose 1.19% or 2.70 points to trade at 229.80 at the close. Salesforce.com Inc (NYSE:CRM) added 1.09% or 2.04 points to end at 189.19 and Nike Inc (NYSE:NKE) was up 0.60% or 0.73 points to 122.40 in late trade.

Biggest losers included Intel Corporation (NASDAQ:INTC), which lost 5.28% or 2.30 points to trade at 41.23 in late trade. Goldman Sachs Group Inc (NYSE:GS) declined 2.12% or 6.83 points to end at 314.68 and American Express Company (NYSE:AXP) shed 1.62% or 2.73 points to 165.96.

The top performers on the S&P 500 were Las Vegas Sands Corp (NYSE:LVS) which rose 4.35% to 37.39, Wynn Resorts Limited (NASDAQ:WYNN) which was up 4.18% to settle at 70.28 and Etsy Inc (NASDAQ:ETSY) which gained 4.17% to close at 84.88.

The worst performers were Altria Group (NYSE:MO) which was down 8.37% to 49.49 in late trade, Carnival Corporation (NYSE:CCL) which lost 6.17% to settle at 12.93 and Expeditors International of Washington Inc (NASDAQ:EXPD) which was down 5.68% to 103.10 at the close.

The top performers on the NASDAQ Composite were HeartCore Enterprises Inc (NASDAQ:HTCR) which rose 114.71% to 2.19, Qutoutiao Inc (NASDAQ:QTT) which was up 71.58% to settle at 1.63 and VivoPower International PLC (NASDAQ:VVPR) which gained 40.00% to close at 2.24.

The worst performers were Integrated Media Technology Ltd (NASDAQ:IMTE) which was down 67.50% to 3.65 in late trade, Rigel Pharmaceuticals Inc (NASDAQ:RIGL) which lost 60.20% to settle at 0.70 and Loyalty Ventures Inc (NASDAQ:LYLT) which was down 45.42% to 6.02 at the close.

Declining stocks outnumbered rising ones by 2285 to 864 and 125 ended unchanged; on the Nasdaq Stock Exchange, 2026 fell and 1767 advanced, while 225 ended unchanged on the New York Stock Exchange.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 0.25% to 23.96 a new 1-month low.

In commodities trading, Gold Futures for August delivery was up 0.13% or 2.50 to $1,854.60 a troy ounce. Meanwhile, Crude oil for delivery in July rose 2.70% or 3.23 to hit $122.64 a barrel, while the August Brent oil contract rose 2.89% or 3.49 to trade at $124.06 a barrel.

EUR/USD was unchanged 0.15% to 1.07, while USD/JPY rose 1.26% to 134.26.

The US Dollar Index Futures was up 0.23% at 102.56.