U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.49%

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At the close in NYSE, the Dow Jones Industrial Average fell 0.49% to hit a new 1-month low, while the S&P 500 index fell 0.90%, and the NASDAQ Composite index fell 1.49%.

The best performers of the session on the Dow Jones Industrial Average were Walgreens Boots Alliance Inc (NASDAQ:WBA), which rose 0.69% or 0.27 points to trade at 39.32 at the close. Meanwhile, Chevron Corp (NYSE:CVX) added 0.69% or 1.16 points to end at 169.88 and JPMorgan Chase & Co (NYSE:JPM) was up 0.60% or 0.77 points to 130.06 in late trade.

The worst performers of the session were Walt Disney Company (NYSE:DIS), which fell 4.77% or 4.30 points to trade at 85.78 at the close. Nike Inc (NYSE:NKE) declined 2.79% or 2.96 points to end at 102.99 and Home Depot Inc (NYSE:HD) was down 1.86% or 6.02 points to 317.32.

The top performers on the S&P 500 were NRG Energy Inc (NYSE:NRG) which rose 1.51% to 31.52, Wells Fargo & Company (NYSE:WFC) which was up 1.51% to settle at 41.81 and Quest Diagnostics Incorporated (NYSE:DGX) which gained 1.47% to close at 151.44.

The worst performers were Warner Bros Discovery Inc (NASDAQ:WBD) which was down 6.66% to 9.25 in late trade, Under Armour Inc A (NYSE:UAA) which lost 6.01% to settle at 9.54 and CarMax Inc (NYSE:KMX) which was down 5.50% to 58.06 at the close.

The top performers on the NASDAQ Composite were Madrigal Pharmaceuticals Inc (NASDAQ:MDGL) which rose 268.07% to 234.83, Axcella Health Inc (NASDAQ:AXLA) which was up 165.27% to settle at 0.43 and Soleno Therapeutics Inc (NASDAQ:SLNO) which gained 103.86% to close at 1.85.

The worst performers were Cosmos Holdings Inc (NASDAQ:COSM) which was down 67.01% to 7.59 in late trade, Pingtan Marine Enterprise Ltd (NASDAQ:PME) which lost 11.72% to settle at 0.58 and Schmitt Industries Inc (NASDAQ:SMIT) which was down 44.88% to 0.46 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2224 to 875 and 85 ended unchanged; on the Nasdaq Stock Exchange, 2710 fell and 1039 advanced, while 136 ended unchanged.

Shares in Warner Bros Discovery Inc (NASDAQ:WBD) fell to 5-year lows; falling 6.66% or 0.66 to 9.25. Shares in Walt Disney Company (NYSE:DIS) fell to 52-week lows; falling 4.77% or 4.30 to 85.78. Shares in Madrigal Pharmaceuticals Inc (NASDAQ:MDGL) rose to 3-years highs; up 268.07% or 171.03 to 234.83. Shares in Schmitt Industries Inc (NASDAQ:SMIT) fell to all time lows; losing 44.88% or 0.37 to 0.46.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 0.93% to 22.41.

Gold Futures for February delivery was down 0.21% or 3.75 to $1,796.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 1.87% or 1.39 to hit $75.85 a barrel, while the February Brent oil contract rose 1.45% or 1.15 to trade at $80.19 a barrel.

EUR/USD was unchanged 0.22% to 1.06, while USD/JPY rose 0.19% to 136.95.

The US Dollar Index Futures was unchanged 0.00% at 104.33.