Standard & Poor’s 500 closes lower after another volatile session

yousef27 January 2022Last Update : 2 years ago
Standard & Poor’s 500 closes lower after another volatile session

Wall Street’s major indices fluctuated widely on Thursday at the end of a session that saw stocks falter as investors were confused by positive economic news, mixed corporate earnings, political turmoil and the prospect of the Federal Reserve’s tightening of monetary policy.

The three major stock indices in the American Stock Exchange declined due to the state of uncertainty that prevailed in recent days and witnessed wide fluctuations and great fluctuation in performance.

According to preliminary data, the Standard & Poor’s 500 index fell 23.81 points, or 0.55 percent, to close at 4326.12 points, while the Nasdaq Composite Index fell 192.36 points, or 1.42 percent, to 13,349.76 points. The Dow Jones Industrial Average fell 13.31 points, or 0.04 percent, to 34,154.78 points.

Stocks in the United States closed lower at the end of trading on Thursday, as indices accompanied the downside, and losses were recorded in the sectors of consumer goods, financials and technology.

Standard & Poor’s 500

At the end of trading in New York, the Dow Jones Industrial Average closed at 0.02%, and reached a record low within a month, while the S&P 500 fell by 0.54% and the Nasdaq weakened by 1.40%.

The biggest gainers of the day on the Dow Jones Industrial Average were Dow Inc (NYSE:DOW), which rose 5.17% or 2.96 points to trade at 60.18 at the close. On the other hand, Chevron Corp (NYSE:CVX) share rose 2.02% or 2.68 points to end at 135.37, and Merck & Co. (NYSE:MRK) added 1.82% or 1.44 points to 80.58 in late trade.

As for the weakest performance at the end of trading today, the share of Intel Group (NASDAQ:INTC) closed down at 7.04%, or 3.64 points, and traded at 48.05 levels at the close. Boeing Co (NYSE:BA) stock fell 2.33% or 4.52 points to 189.75, and American Express (NYSE:AXP) stock closed down 1.95% or 3.42 points to 171.90.

On the other hand, the best performer in the Standard & Poor’s 500 Index was recorded by ServiceNow Inc (NYSE:NOW), which rose by 9.14% to 528.69, and Paul Corp. (NYSE:BLL) also, which continued to rise at 8.57% and closed at 93.99 levels, as well as the share of Seagate Technology PLC (NASDAQ:STX) that rose about 7.65% and ended its trading at 103.68.

Among the worst performers today were Teradine Inc (NASDAQ:TER), which fell 22.41% to 111.24, Tesla Inc (NASDAQ:TSLA), which lost 11.55% to 829.10 and Advanced Micro Devices (NASDAQ:TSLA), which lost 11.55% to 829.10. (NASDAQ:AMD), which weakened by 7.33% and closed at 102.60 today’s session on the stock exchange.

On the other hand, the best performance in the Nasdaq index was recorded by National Security (NASDAQ:NSEC) stock, which rose by 69.65% at a price of 15.65, Sidus Space Inc (NASDAQ:SIDU) also continued to rise at 31.55% and closed at 10.80, and Galapagos NV ADR (NASDAQ:GLPG) share rose by 22.47% and ended its trading at 65.30.

Among the worst performers today were Epizyme Inc (NASDAQ:EPZM), which fell 44.21% to 1,060, TG Therapeutics Inc (NASDAQ:TGTX), which lost 40.65% to 8.25 and Cyngn Inc (NASDAQ:CYN), which weakened by 36.47% and closed at 1.62 today’s session on the stock exchange.

The number of decliners exceeded the number of shares that closed higher with trading on the New York Stock Exchange with 2349 compared to 941, while 143 remained unchanged. As for the Nasdaq Stock Exchange, 3122 of the shares fell and 838 strengthened its position, while 174 of the shares maintained their value.

Shares of Chevron Corp (NYSE:CVX) climbed to an all-time high, rising 2.02% or 2.68 points to 135.37. National Security (NASDAQ:NSEC) stock climbed to a 52-week high, adding 69.65% or 6.43 points to a price of 15.65. Shares of Epizyme Inc (NASDAQ:EPZM) fell to all-time lows; it lost 44.21% or 0.840 to 1.060 price. Shares of TG Therapeutics Inc (NASDAQ:TGTX) fell to a 52-week low, continuing to fall by 40.65% or 5.65 points, to trade at 8.25. Shares of Cyngn Inc (NASDAQ:CYN) fell to all-time lows; losing 36.47% or 0.93 to 1.62.

500 volatility index, which measures the implied standard deviation of options on the S&P 500 index traded down 4.60% and closed at 30.49.

Gold futures for February delivery fell 1.81% or 33.15 and closed at $1796.55 an ounce. As for other commodities, the WTI crude oil futures contract for March delivery fell 0.08% or 0.07, and reached a price of $87.28 a barrel, while the April contract for Brent oil rose by 0.24% or 0.21 points, and closed at $88.90 a barrel.

The EUR/USD pair lost 0.01% and traded at 1.1142 levels, while the USD/JPY continued its decline towards 0.01% and reached 115.32 levels.

The dollar index contracts traded with an increase of 0.87% at the level of 97.235.

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