U.S. stocks lower at close of trade; Dow Jones Industrial Average down 1.07%

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At the close in NYSE, the Dow Jones Industrial Average declined 1.07% to hit a new 3-months low, while the S&P 500 index declined 1.45%, and the NASDAQ Composite index lost 1.76%.

The best performers of the session on the Dow Jones Industrial Average were Intel Corporation (NASDAQ:INTC), which rose 2.95% or 0.78 points to trade at 27.22 at the close. Meanwhile, JPMorgan Chase & Co (NYSE:JPM) added 2.54% or 3.31 points to end at 133.65 and The Travelers Companies Inc (NYSE:TRV) was up 1.01% or 1.76 points to 175.68 in late trade.

The worst performers of the session were Caterpillar Inc (NYSE:CAT), which fell 5.79% or 13.95 points to trade at 227.01 at the close. Goldman Sachs Group Inc (NYSE:GS) declined 4.22% or 14.42 points to end at 327.67 and American Express Company (NYSE:AXP) was down 3.73% or 6.42 points to 165.70.

The top performers on the S&P 500 were Intel Corporation (NASDAQ:INTC) which rose 2.95% to 27.22, JPMorgan Chase & Co (NYSE:JPM) which was up 2.54% to settle at 133.65 and AbbVie Inc (NYSE:ABBV) which gained 1.61% to close at 149.72.

The worst performers were Signature Bank (NASDAQ:SBNY) which was down 22.87% to 70.00 in late trade, First Republic Bank (NYSE:FRC) which lost 14.84% to settle at 81.76 and Charles Schwab Corp (NYSE:SCHW) which was down 11.69% to 58.70 at the close.

The top performers on the NASDAQ Composite were EUDA Health Holdings Ltd (NASDAQ:EUDA) which rose 54.20% to 2.02, Unicycive Therapeutics Inc (NASDAQ:UNCY) which was up 30.10% to settle at 2.68 and Cingulate Inc (NASDAQ:CING) which gained 25.00% to close at 1.85.

The worst performers were Loyalty Ventures Inc (NASDAQ:LYLT) which was down 58.39% to 0.24 in late trade, Allbirds Inc (NASDAQ:BIRD) which lost 47.03% to settle at 1.25 and Cepton Inc (NASDAQ:CPTN) which was down 45.75% to 0.42 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2592 to 465 and 68 ended unchanged; on the Nasdaq Stock Exchange, 3047 fell and 585 advanced, while 132 ended unchanged.

Shares in Signature Bank (NASDAQ:SBNY) fell to 5-year lows; losing 22.87% or 20.76 to 70.00. Shares in First Republic Bank (NYSE:FRC) fell to 52-week lows; losing 14.84% or 14.25 to 81.76. Shares in Charles Schwab Corp (NYSE:SCHW) fell to 52-week lows; down 11.69% or 7.77 to 58.70. Shares in Loyalty Ventures Inc (NASDAQ:LYLT) fell to all time lows; down 58.39% or 0.34 to 0.24. Shares in Unicycive Therapeutics Inc (NASDAQ:UNCY) rose to 52-week highs; up 30.10% or 0.62 to 2.68. Shares in Allbirds Inc (NASDAQ:BIRD) fell to all time lows; losing 47.03% or 1.11 to 1.25. Shares in Cepton Inc (NASDAQ:CPTN) fell to all time lows; falling 45.75% or 0.35 to 0.42.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 9.69% to 24.80 a new 1-month high.

Gold Futures for April delivery was up 2.07% or 38.05 to $1,872.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 1.06% or 0.80 to hit $76.52 a barrel, while the May Brent oil contract rose 1.23% or 1.00 to trade at $82.59 a barrel.

EUR/USD was up 0.57% to 1.06, while USD/JPY fell 0.91% to 134.90.

The US Dollar Index Futures was down 0.67% at 104.60.