U.S. stocks lower at close of trade; Dow Jones Industrial Average down 2.79%

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At the close in NYSE, the Dow Jones Industrial Average lost 2.79% to hit a new 52-week low, while the S&P 500 index fell 3.88%, and the NASDAQ Composite index lost 4.68%.

The best performers of the session on the Dow Jones Industrial Average were McDonald’s Corporation (NYSE:MCD), which rose 0.46% or 1.09 points to trade at 238.47 at the close. Meanwhile, Coca-Cola Co (NYSE:KO) fell 0.11% or 0.07 points to end at 61.34 and Cisco Systems Inc (NASDAQ:CSCO) was down 0.57% or 0.25 points to 43.24 in late trade.

The worst performers of the session were Boeing Co (NYSE:BA), which fell 8.77% or 11.14 points to trade at 115.86 at the close. Salesforce.com Inc (NYSE:CRM) declined 6.96% or 12.42 points to end at 166.03 and American Express Company (NYSE:AXP) was down 5.26% or 8.13 points to 146.29.

The top performers on the S&P 500 were CME Group Inc (NASDAQ:CME) which rose 1.55% to 202.99, Truist Financial Corp (NYSE:TFC) which was up 1.50% to settle at 46.64 and Duke Realty Corporation (NYSE:DRE) which gained 1.08% to close at 50.32.

The worst performers were Signature Bank (NASDAQ:SBNY) which was down 13.67% to 174.05 in late trade, Caesars Entertainment Corporation (NASDAQ:CZR) which lost 12.88% to settle at 39.64 and Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) which was down 12.23% to 11.55 at the close.

The top performers on the NASDAQ Composite were Day One Biopharmaceuticals Inc (NASDAQ:DAWN) which rose 125.98% to 14.96, G Medical Innovations Holdings Ltd (NASDAQ:GMVD) which was up 88.32% to settle at 0.65 and Hillstream Biopharma Inc (NASDAQ:HILS) which gained 68.75% to close at 1.35.

The worst performers were Electric Last Mile Solutions Inc (NASDAQ:ELMS) which was down 61.59% to 0.20 in late trade, Applied Blockchain Inc (NASDAQ:APLD) which lost 52.55% to settle at 1.30 and TDH Holdings Inc (NASDAQ:PETZ) which was down 48.68% to 0.14 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 3086 to 147 and 79 ended unchanged; on the Nasdaq Stock Exchange, 3475 fell and 491 advanced, while 137 ended unchanged.

Shares in Signature Bank (NASDAQ:SBNY) fell to 52-week lows; falling 13.67% or 27.57 to 174.05. Shares in Caesars Entertainment Corporation (NASDAQ:CZR) fell to 52-week lows; losing 12.88% or 5.86 to 39.64. Shares in Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) fell to 52-week lows; falling 12.23% or 1.61 to 11.55. Shares in Boeing Co (NYSE:BA) fell to 52-week lows; falling 8.77% or 11.14 to 115.86. Shares in American Express Company (NYSE:AXP) fell to 52-week lows; falling 5.26% or 8.13 to 146.29. Shares in Electric Last Mile Solutions Inc (NASDAQ:ELMS) fell to all time lows; losing 61.59% or 0.31 to 0.20. Shares in Applied Blockchain Inc (NASDAQ:APLD) fell to 52-week lows; falling 52.55% or 1.44 to 1.30. Shares in TDH Holdings Inc (NASDAQ:PETZ) fell to all time lows; down 48.68% or 0.13 to 0.14.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 22.59% to 34.02 a new 1-month high.

Gold Futures for August delivery was down 2.88% or 54.00 to $1,821.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.22% or 0.27 to hit $120.94 a barrel, while the August Brent oil contract rose 0.16% or 0.20 to trade at $122.21 a barrel.

EUR/USD was down 1.04% to 1.04, while USD/JPY rose 0.01% to 134.43.

The US Dollar Index Futures was up 1.04% at 105.09.