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

Investing.com – U.S. stocks were lower after the close on Friday, as losses in the , and sectors led shares lower.

At the close in NYSE, the declined 1.07% to hit a new 3-months low, while the index declined 1.45%, and the index lost 1.76%.

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

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

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

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

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

The worst performers were Loyalty Ventures Inc (NASDAQ:) which was down 58.39% to 0.24 in late trade, Allbirds Inc (NASDAQ:) which lost 47.03% to settle at 1.25 and Cepton Inc (NASDAQ:) 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:) fell to 5-year lows; losing 22.87% or 20.76 to 70.00. Shares in First Republic Bank (NYSE:) fell to 52-week lows; losing 14.84% or 14.25 to 81.76. Shares in Charles Schwab Corp (NYSE:) fell to 52-week lows; down 11.69% or 7.77 to 58.70. Shares in Loyalty Ventures Inc (NASDAQ:) fell to all time lows; down 58.39% or 0.34 to 0.24. Shares in Unicycive Therapeutics Inc (NASDAQ:) rose to 52-week highs; up 30.10% or 0.62 to 2.68. Shares in Allbirds Inc (NASDAQ:) fell to all time lows; losing 47.03% or 1.11 to 1.25. Shares in Cepton Inc (NASDAQ:) fell to all time lows; falling 45.75% or 0.35 to 0.42.

The , 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.