U.S. stocks lower at close of trade; Dow Jones Industrial Average down 2.84%

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At the close in NYSE, the Dow Jones Industrial Average lost 2.84% to hit a new 1-month low, while the S&P 500 index fell 2.42%, and the NASDAQ Composite index lost 2.59%.

The best performers of the session on the Dow Jones Industrial Average were Cisco Systems Inc (NASDAQ:CSCO), which rose 2.41% or 1.09 points to trade at 46.31 at the close. Meanwhile, Dow Inc (NYSE:DOW) fell 0.45% or 0.18 points to end at 39.80 and Pfizer Inc (NYSE:PFE) was down 0.87% or 0.28 points to 32.04 in late trade.

The worst performers of the session were Goldman Sachs Group Inc (NYSE:GS), which fell 8.65% or 17.91 points to trade at 189.19 at the close. Nike Inc (NYSE:NKE) declined 7.62% or 7.73 points to end at 93.67 and JPMorgan Chase & Co (NYSE:JPM) was down 5.48% or 5.37 points to 92.59.

The top performers on the S&P 500 were Gap Inc (NYSE:GPS) which rose 18.80% to 12.07, NetApp Inc (NASDAQ:NTAP) which was up 5.16% to settle at 43.99 and F5 Networks Inc (NASDAQ:FFIV) which gained 3.90% to close at 140.12.

The worst performers were Arconic Inc (NYSE:ARNC) which was down 11.58% to 13.67 in late trade, Huntington Bancshares Incorporated (NASDAQ:HBAN) which lost 11.02% to settle at 8.80 and KeyCorp (NYSE:KEY) which was down 8.91% to 11.76 at the close.

The top performers on the NASDAQ Composite were Cleveland BioLabs Inc (NASDAQ:CBLI) which rose 147.67% to 4.2600, MDC Partners Inc (NASDAQ:MDCA) which was up 78.26% to settle at 2.050 and Concrete Pumping Holdings Class A (NASDAQ:BBCP) which gained 50.14% to close at 5.48.

The worst performers were Luckin Coffee (NASDAQ:LK) which was down 54.00% to 1.38 in late trade, Ideanomics Inc (NASDAQ:IDEX) which lost 40.16% to settle at 1.4600 and Seanergy Maritime Holdings Corp (NASDAQ:SHIP) which was down 39.46% to 0.1695 at the close.

Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2368 to 525 and 42 ended unchanged; on the Nasdaq Stock Exchange, 2144 fell and 584 advanced, while 36 ended unchanged.

Shares in Cleveland BioLabs Inc (NASDAQ:CBLI) rose to 3-years highs; gaining 147.67% or 2.5400 to 4.2600. Shares in Luckin Coffee (NASDAQ:LK) fell to all time lows; falling 54.00% or 1.62 to 1.38.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 7.79% to 34.73.

Gold Futures for August delivery was up 0.80% or 14.20 to $1784.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 1.34% or 0.52 to hit $38.20 a barrel, while the August Brent oil contract fell 0.78% or 0.32 to trade at $40.73 a barrel.

EUR/USD was up 0.01% to 1.1218, while USD/JPY rose 0.04% to 107.23.

The US Dollar Index Futures was up 0.07% at 97.460.

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