U.S. stocks mixed at close of trade; Dow Jones Industrial Average down 0.38%

Investing.com – U.S. stocks were mixed after the close on Wednesday, as gains in the Technology, Financials and Oil & Gas sectors led shares higher while losses in the Telecoms, Basic Materials and Industrials sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average declined 0.38% to hit a new 1-month low, while the S&P 500 index lost 0.15%, and the NASDAQ Composite index gained 0.02%.

The best performers of the session on the Dow Jones Industrial Average were Microsoft Corporation (NASDAQ:MSFT), which rose 2.85% or 8.22 points to trade at 296.71 at the close. Meanwhile, Visa Inc Class A (NYSE:V) added 1.92% or 3.87 points to end at 205.87 and Intel Corporation (NASDAQ:INTC) was up 1.35% or 0.69 points to 51.69 in late trade.

The worst performers of the session were Boeing Co (NYSE:BA), which fell 4.82% or 9.83 points to trade at 194.27 at the close. Verizon Communications Inc (NYSE:VZ) declined 3.55% or 1.88 points to end at 51.02 and 3M Company (NYSE:MMM) was down 2.56% or 4.45 points to 169.30.

The top performers on the S&P 500 were Corning Incorporated (NYSE:GLW) which rose 11.16% to 39.24, Archer-Daniels-Midland Company (NYSE:ADM) which was up 5.70% to settle at 72.27 and Broadcom Inc (NASDAQ:AVGO) which gained 4.30% to close at 557.12.

The worst performers were Discovery Inc Class A (NASDAQ:DISCA) which was down 9.16% to 24.40 in late trade, Automatic Data Processing Inc (NASDAQ:ADP) which lost 8.95% to settle at 197.46 and Discovery Communications C Inc (NASDAQ:DISCK) which was down 8.92% to 23.88 at the close.

The top performers on the NASDAQ Composite were Ebang International Holdings (NASDAQ:EBON) which rose 35.44% to 1.090, Sierra Oncology Inc (NASDAQ:SRRA) which was up 26.28% to settle at 28.64 and Larimar Therapeutics Inc (NASDAQ:LRMR) which gained 21.25% to close at 10.500.

The worst performers were Tyme Technologies Inc (NASDAQ:TYME) which was down 37.46% to 0.3315 in late trade, Cortexyme Inc (NASDAQ:CRTX) which lost 31.46% to settle at 6.21 and Mainz Biomed BV (NASDAQ:MYNZ) which was down 28.40% to 14.50 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2211 to 1054 and 120 ended unchanged; on the Nasdaq Stock Exchange, 2545 fell and 1314 advanced, while 192 ended unchanged.

Shares in Archer-Daniels-Midland Company (NYSE:ADM) rose to all time highs; rising 5.70% or 3.90 to 72.27. Shares in 3M Company (NYSE:MMM) fell to 52-week lows; down 2.56% or 4.45 to 169.30. Shares in Tyme Technologies Inc (NASDAQ:TYME) fell to 5-year lows; losing 37.46% or 0.1986 to 0.3315. Shares in Sierra Oncology Inc (NASDAQ:SRRA) rose to 52-week highs; rising 26.28% or 5.96 to 28.64. Shares in Cortexyme Inc (NASDAQ:CRTX) fell to all time lows; falling 31.46% or 2.85 to 6.21.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 2.57% to 31.96 a new 6-months high.

Gold Futures for February delivery was down 1.82% or 33.70 to $1818.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March rose 1.89% or 1.62 to hit $87.22 a barrel, while the April Brent oil contract rose 0.03% or 0.03 to trade at $88.56 a barrel.

EUR/USD was up 0.04% to 1.1241, while USD/JPY rose 0.02% to 114.65.

The US Dollar Index Futures was up 0.56% at 96.465.