U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.16%

February 26, 2024 4:39 PM EST – U.S. stocks were lower after the close on Monday, as losses in the Utilities, Telecoms and Basic Materials sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average fell 0.16%, while the S&P 500 index fell 0.38%, and the NASDAQ Composite index declined 0.13%.

The best performers of the session on the Dow Jones Industrial Average were Salesforce Inc (NYSE: CRM), which rose 2.56% or 7.50 points to trade at 300.30 at the close. Meanwhile, Walmart Inc (NYSE: WMT) added 1.83% or 1.07 points to end at 59.59 and American Express Company (NYSE: AXP) was up 1.11% or 2.39 points to 216.95 in late trade.

The worst performers of the session were Walgreens Boots Alliance Inc (NASDAQ: WBA), which fell 3.41% or 0.74 points to trade at 20.99 at the close. Verizon Communications Inc (NYSE: VZ) declined 2.37% or 0.96 points to end at 39.70 and Nike Inc (NYSE: NKE) was down 1.06% or 1.12 points to 104.51.

The top performers on the S&P 500 were Palo Alto Networks Inc (NASDAQ: PANW) which rose 7.33% to 302.78, Domino’s Pizza Inc (NYSE: DPZ) which was up 5.88% to settle at 459.14 and Fidelity National Information Services Inc (NYSE: FIS) which gained 4.71% to close at 67.31.

The worst performers were Insulet Corporation (NASDAQ: PODD) which was down 8.35% to 168.83 in late trade, Alphabet Inc Class C (NASDAQ: GOOG) which lost 4.50% to settle at 138.75 and Alphabet Inc Class A (NASDAQ: GOOGL) which was down 4.44% to 137.57 at the close.

The top performers on the NASDAQ Composite were Akili Inc (NASDAQ: AKLI) which rose 104.11% to 0.45, MicroCloud Hologram Inc (NASDAQ: HOLO) which was up 81.54% to settle at 12.00 and Sarcos Technology and Robotics (NASDAQ: STRC) which gained 78.81% to close at 1.05.

The worst performers were Aclarion Inc (NASDAQ: ACON) which was down 60.26% to 0.36 in late trade, Intuitive Machines Inc (NASDAQ: LUNR) which lost 34.62% to settle at 6.27 and DIH Holding US Inc (NASDAQ: DHAI) which was down 29.98% to 0.77 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1733 to 1151 and 63 ended unchanged; on the Nasdaq Stock Exchange, 1922 rose and 1504 declined, while 119 ended unchanged.

Shares in Domino’s Pizza Inc (NYSE: DPZ) rose to 52-week highs; up 5.88% or 25.49 to 459.14. Shares in Fidelity National Information Services Inc (NYSE: FIS) rose to 52-week highs; rising 4.71% or 3.03 to 67.31. Shares in Salesforce Inc (NYSE: CRM) rose to 52-week highs; gaining 2.56% or 7.50 to 300.30. Shares in Walmart Inc (NYSE: WMT) rose to all time highs; up 1.83% or 1.07 to 59.59. Shares in American Express Company (NYSE: AXP) rose to all time highs; gaining 1.11% or 2.39 to 216.95. Shares in Aclarion Inc (NASDAQ: ACON) fell to all time lows; losing 60.26% or 0.54 to 0.36. Shares in DIH Holding US Inc (NASDAQ: DHAI) fell to all time lows; falling 29.98% or 0.33 to 0.77.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 0.07% to 13.74.

Gold Futures for April delivery was down 0.40% or 8.15 to $2,041.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 1.40% or 1.07 to hit $77.56 a barrel, while the May Brent oil contract rose 1.10% or 0.89 to trade at $81.69 a barrel.

EUR/USD was unchanged 0.30% to 1.09, while USD/JPY rose 0.14% to 150.71.

The US Dollar Index Futures was down 0.14% at 103.71.

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