U.S. stocks lower at close of trade; Dow Jones Industrial Average down 2.37%

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At the close in NYSE, the Dow Jones Industrial Average lost 2.37% to hit a new 6-months low, while the S&P 500 index declined 2.95%, and the NASDAQ Composite index lost 3.62%.

The best performers of the session on the Dow Jones Industrial Average were Chevron Corp (NYSE:CVX), which rose 2.14% or 3.39 points to trade at 162.04 at the close. Meanwhile, Johnson & Johnson (NYSE:JNJ) added 1.61% or 2.73 points to end at 172.21 and Amgen Inc (NASDAQ:AMGN) was up 0.62% or 1.45 points to 234.36 in late trade.

The worst performers of the session were American Express Company (NYSE:AXP), which fell 7.99% or 13.82 points to trade at 159.13 at the close. Boeing Co (NYSE:BA) declined 6.45% or 11.67 points to end at 169.17 and Nike Inc (NYSE:NKE) was down 5.14% or 6.74 points to 124.44.

The top performers on the S&P 500 were Schlumberger NV (NYSE:SLB) which rose 8.12% to 42.10, Halliburton Company (NYSE:HAL) which was up 6.18% to settle at 36.24 and Nextera Energy Inc (NYSE:NEE) which gained 4.95% to close at 84.18.

The worst performers were PVH Corp (NYSE:PVH) which was down 15.37% to 66.99 in late trade, United Airlines Holdings Inc (NASDAQ:UAL) which lost 15.01% to settle at 31.20 and Fortinet Inc (NASDAQ:FTNT) which was down 13.14% to 291.37 at the close.

The top performers on the NASDAQ Composite were Imperial Petroleum Inc (NASDAQ:IMPP) which rose 121.89% to 7.50, Oceanpal Inc (NASDAQ:OP) which was up 101.60% to settle at 1.26 and Marine Petroleum Trust (NASDAQ:MARPS) which gained 69.85% to close at 12.11.

The worst performers were Atreca Inc (NASDAQ:BCEL) which was down 38.27% to 3.21 in late trade, Inspirato Inc (NASDAQ:ISPO) which lost 37.26% to settle at 26.65 and IO Biotech Inc (NASDAQ:IOBT) which was down 31.77% to 4.21 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2538 to 737 and 110 ended unchanged; on the Nasdaq Stock Exchange, 2782 fell and 1060 advanced, while 253 ended unchanged.

Shares in Schlumberger NV (NYSE:SLB) rose to 52-week highs; rising 8.12% or 3.16 to 42.10. Shares in PVH Corp (NYSE:PVH) fell to 52-week lows; losing 15.37% or 12.17 to 66.99. Shares in Halliburton Company (NYSE:HAL) rose to 3-years highs; up 6.18% or 2.11 to 36.24. Shares in United Airlines Holdings Inc (NASDAQ:UAL) fell to 52-week lows; losing 15.01% or 5.51 to 31.20. Shares in Chevron Corp (NYSE:CVX) rose to all time highs; rising 2.14% or 3.39 to 162.04. Shares in Boeing Co (NYSE:BA) fell to 52-week lows; down 6.45% or 11.67 to 169.17. Shares in Nike Inc (NYSE:NKE) fell to 52-week lows; losing 5.14% or 6.74 to 124.44. Shares in Imperial Petroleum Inc (NASDAQ:IMPP) rose to all time highs; gaining 121.89% or 4.12 to 7.50. Shares in Marine Petroleum Trust (NASDAQ:MARPS) rose to 5-year highs; up 69.85% or 4.98 to 12.11. Shares in IO Biotech Inc (NASDAQ:IOBT) fell to all time lows; falling 31.77% or 1.96 to 4.21.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 13.98% to 36.45 a new 52-week high.

Gold Futures for April delivery was up 1.78% or 35.10 to $2,001.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 4.07% or 4.71 to hit $120.39 a barrel, while the May Brent oil contract rose 0.28% or 0.35 to trade at $124.51 a barrel.

EUR/USD was unchanged 0.02% to 1.09, while USD/JPY fell 0.00% to 115.29.

The US Dollar Index Futures was up 0.59% at 99.26.