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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 7.79%

imageStock Markets9 hours ago (Mar 09, 2020 06:25PM ET)

(C) Reuters. U.S. stocks lower at close of trade; Dow Jones Industrial Average down 7.79%

Investing.com – U.S. stocks were lower after the close on Monday, as losses in the Oil & Gas, Basic Materials and Financials sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average declined 7.79% to hit a new 52-week low, while the S&P 500 index fell 7.60%, and the NASDAQ Composite index declined 7.29%.

The best performers of the session on the Dow Jones Industrial Average were Walmart Inc (NYSE:WMT), which fell 0.06% or 0.07 points to trade at 117.16 at the close. Meanwhile, Verizon Communications Inc (NYSE:VZ) fell 1.83% or 1.04 points to end at 55.83 and Pfizer Inc (NYSE:PFE) was down 3.60% or 1.26 points to 33.76 in late trade.

The worst performers of the session were Dow Inc (NYSE:DOW), which fell 21.66% or 8.44 points to trade at 30.53 at the close. Chevron Corp (NYSE:CVX) declined 15.37% or 14.65 points to end at 80.67 and Caterpillar Inc (NYSE:CAT) was down 14.28% or 17.34 points to 104.07.

The top performers on the S&P 500 were AutoZone Inc (NYSE:AZO) which rose 5.03% to 1113.69, Dollar Tree Inc (NASDAQ:DLTR) which was up 4.08% to settle at 83.51 and Cabot Oil & Gas Corporation (NYSE:COG) which gained 3.18% to close at 16.89.

The worst performers were Apache Corporation (NYSE:APA) which was down 53.86% to 9.55 in late trade, Occidental Petroleum Corporation (NYSE:OXY) which lost 52.01% to settle at 12.51 and Marathon Oil Corporation (NYSE:MRO) which was down 46.85% to 3.63 at the close.

The top performers on the NASDAQ Composite were Spherix Inc (NASDAQ:SPEX) which rose 96.34% to 3.220, Novan Inc (NASDAQ:NOVN) which was up 35.21% to settle at 0.5100 and LightPath Technologies Inc (NASDAQ:LPTH) which gained 27.42% to close at 1.5800.

The worst performers were Centennial Resource Development Inc (NASDAQ:CDEV) which was down 63.16% to 0.56 in late trade, Noble Midstream Partners LP (NASDAQ:NBLX) which lost 62.31% to settle at 4.50 and Oasis Petroleum Inc (NASDAQ:OAS) which was down 61.67% to 0.330 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2860 to 75 and 7 ended unchanged; on the Nasdaq Stock Exchange, 2634 fell and 101 advanced, while 17 ended unchanged.

Shares in Apache Corporation (NYSE:APA) fell to 5-year lows; down 53.86% or 11.15 to 9.55. Shares in Occidental Petroleum Corporation (NYSE:OXY) fell to 5-year lows; losing 52.01% or 13.56 to 12.51. Shares in Marathon Oil Corporation (NYSE:MRO) fell to all time lows; falling 46.85% or 3.20 to 3.63. Shares in Dow Inc (NYSE:DOW) fell to 5-year lows; down 21.66% or 8.44 to 30.53. Shares in Chevron Corp (NYSE:CVX) fell to 3-years lows; losing 15.37% or 14.65 to 80.67. Shares in Caterpillar Inc (NYSE:CAT) fell to 52-week lows; losing 14.28% or 17.34 to 104.07. Shares in Centennial Resource Development Inc (NASDAQ:CDEV) fell to all time lows; down 63.16% or 0.96 to 0.56. Shares in Noble Midstream Partners LP (NASDAQ:NBLX) fell to all time lows; falling 62.31% or 7.44 to 4.50. Shares in Oasis Petroleum Inc (NASDAQ:OAS) fell to all time lows; down 61.67% or 0.530 to 0.330.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 29.85% to 54.46 a new 5-year high.

Gold Futures for April delivery was down 0.32% or 5.35 to $1675.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 2.52% or 0.76 to hit $30.91 a barrel, while the May Brent oil contract fell 0.39% or 0.13 to trade at $33.32 a barrel.

EUR/USD was up 0.02% to 1.1449, while USD/JPY fell 0.12% to 102.22.

The US Dollar Index Futures was down 0.90% at 95.067.

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 7.79%

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