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At the close in NYSE, the Dow Jones Industrial Average lost 2.25% to hit a new 1-month low, while the S&P 500 index declined 2.49%, and the NASDAQ Composite index lost 3.23%.
The best performers of the session on the Dow Jones Industrial Average were Verizon Communications Inc (NYSE:VZ), which rose 0.83% or 0.31 points to trade at 37.76 at the close. Meanwhile, Chevron Corp (NYSE:CVX) fell 0.75% or 1.29 points to end at 171.04 and Walmart Inc (NYSE:WMT) was down 0.86% or 1.26 points to 145.41 in late trade.
The worst performers of the session were International Business Machines (NYSE:IBM), which fell 5.00% or 7.50 points to trade at 142.36 at the close. Apple Inc (NASDAQ:AAPL) declined 4.69% or 6.71 points to end at 136.50 and Intel Corporation (NASDAQ:INTC) was down 3.93% or 1.11 points to 27.15.
The top performers on the S&P 500 were Lennar Corporation (NYSE:LEN) which rose 3.85% to 94.32, DR Horton Inc (NYSE:DHI) which was up 3.57% to settle at 90.52 and Align Technology Inc (NASDAQ:ALGN) which gained 3.15% to close at 201.97.
The worst performers were Western Digital Corporation (NASDAQ:WDC) which was down 10.10% to 32.21 in late trade, Nucor Corp (NYSE:NUE) which lost 9.55% to settle at 133.80 and Warner Bros Discovery Inc (NASDAQ:WBD) which was down 8.93% to 10.00 at the close.
The top performers on the NASDAQ Composite were Core Scientific Inc (NASDAQ:CORZ) which rose 72.00% to 0.43, Imv Inc (NASDAQ:IMV) which was up 69.30% to settle at 3.64 and Scopus Biopharma Inc (NASDAQ:SCPS) which gained 44.85% to close at 0.34.
The worst performers were Third Harmonic Bio Inc (NASDAQ:THRD) which was down 78.28% to 4.30 in late trade, Axcella Health Inc (NASDAQ:AXLA) which lost 50.78% to settle at 0.44 and Novavax Inc (NASDAQ:NVAX) which was down 34.30% to 11.32 at the close.
Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2472 to 595 and 110 ended unchanged; on the Nasdaq Stock Exchange, 2785 fell and 954 advanced, while 159 ended unchanged.
Shares in Third Harmonic Bio Inc (NASDAQ:THRD) fell to all time lows; losing 78.28% or 15.50 to 4.30. Shares in Axcella Health Inc (NASDAQ:AXLA) fell to all time lows; losing 50.78% or 0.45 to 0.44. Shares in Novavax Inc (NASDAQ:NVAX) fell to 52-week lows; falling 34.30% or 5.91 to 11.32.
The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 7.99% to 22.83.
Gold Futures for February delivery was down 1.75% or 31.85 to $1,786.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 1.37% or 1.06 to hit $76.22 a barrel, while the February Brent oil contract fell 1.58% or 1.31 to trade at $81.39 a barrel.
EUR/USD was down 0.55% to 1.06, while USD/JPY rose 1.75% to 137.84.
The US Dollar Index Futures was up 0.80% at 104.24.
