U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.43%

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At the close in NYSE, the Dow Jones Industrial Average declined 0.43%, while the S&P 500 index fell 0.93%, and the NASDAQ Composite index lost 1.87%.

The best performers of the session on the Dow Jones Industrial Average were American Express Company (NYSE:AXP), which rose 1.88% or 2.83 points to trade at 153.01 at the close. Meanwhile, Procter & Gamble Company (NYSE:PG) added 1.60% or 2.25 points to end at 143.02 and International Business Machines (NYSE:IBM) was up 0.87% or 1.10 points to 128.25 in late trade.

The worst performers of the session were Verizon Communications Inc (NYSE:VZ), which fell 6.74% or 3.21 points to trade at 44.45 at the close. Intel Corporation (NASDAQ:INTC) declined 3.47% or 1.41 points to end at 39.20 and Nike Inc (NYSE:NKE) was down 2.24% or 2.50 points to 109.12.

The top performers on the S&P 500 were HCA Holdings Inc (NYSE:HCA) which rose 11.43% to 202.03, Schlumberger NV (NYSE:SLB) which was up 4.28% to settle at 35.07 and PPG Industries Inc (NYSE:PPG) which gained 3.89% to close at 127.73.

The worst performers were SVB Financial Group (NASDAQ:SIVB) which was down 17.15% to 361.36 in late trade, Seagate Technology PLC (NASDAQ:STX) which lost 8.11% to settle at 76.83 and Meta Platforms Inc (NASDAQ:META) which was down 7.59% to 169.27 at the close.

The top performers on the NASDAQ Composite were Pagaya (NASDAQ:PGY) which rose 118.88% to 11.71, Kidpik Corp (NASDAQ:PIK) which was up 66.44% to settle at 2.48 and Yoshitsu Co Ltd ADR (NASDAQ:TKLF) which gained 48.39% to close at 2.30.

The worst performers were VistaGen Therapeutics Inc (NASDAQ:VTGN) which was down 85.99% to 0.15 in late trade, Meihua International Medical Technologies Co Ltd (NASDAQ:MHUA) which lost 40.62% to settle at 2.88 and Kiora Pharmaceuticals Inc (NASDAQ:KPRX) which was down 39.76% to 0.15 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1950 to 1167 and 139 ended unchanged; on the Nasdaq Stock Exchange, 2755 fell and 1016 advanced, while 182 ended unchanged.

Shares in SVB Financial Group (NASDAQ:SIVB) fell to 52-week lows; losing 17.15% or 74.81 to 361.36. Shares in Verizon Communications Inc (NYSE:VZ) fell to 3-years lows; losing 6.74% or 3.21 to 44.45. Shares in Pagaya (NASDAQ:PGY) rose to all time highs; up 118.88% or 6.36 to 11.71. Shares in VistaGen Therapeutics Inc (NASDAQ:VTGN) fell to all time lows; falling 85.99% or 0.92 to 0.15. Shares in Meihua International Medical Technologies Co Ltd (NASDAQ:MHUA) fell to all time lows; losing 40.62% or 1.97 to 2.88. Shares in Kiora Pharmaceuticals Inc (NASDAQ:KPRX) fell to all time lows; down 39.76% or 0.10 to 0.15.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 0.35% to 23.03 a new 3-months low.

Gold Futures for August delivery was up 0.54% or 9.20 to $1,722.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 1.72% or 1.66 to hit $94.69 a barrel, while the September Brent oil contract fell 0.58% or 0.60 to trade at $103.26 a barrel.

EUR/USD was unchanged 0.18% to 1.02, while USD/JPY fell 0.95% to 136.07.

The US Dollar Index Futures was down 0.33% at 106.46.