US stocks closed lower, Dow Jones down 0.69% | Market Analysis
 

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US stocks closed lower, Dow Jones down 0.69%
22:18 2023-05-23 UTC--4
Exchange Rates analysis

At the close of the New York Stock Exchange, the Dow Jones fell 0.69%, the S&P 500 fell 1.12%, and the NASDAQ Composite fell 1.26%.

Traders continue to monitor the situation around the US government debt. President Joe Biden met with House Speaker Kevin McCarthy on Monday. According to the President, the meeting reaffirmed that the possibility of a default is not considered, and it is necessary to move towards a bipartisan agreement. Despite this, investors are worried about the approaching June 1, the date when, according to the forecasts of the US Treasury, the country could default.

Chevron Corp (NYSE:CVX) was the top performer among the components of the Dow Jones index today, gaining 4.41 points or 2.89% to close at 156.85. Home Depot Inc (NYSE:HD) rose 4.28 points or 1.47% to close at 294.94. Walgreens Boots Alliance Inc (NASDAQ:WBA) rose 0.41 points or 1.31% to close at 31.60.

The least gainers were Visa Inc Class A (NYSE:V), which shed 6.70 points or 2.90% to end the session at 224.58. Shares of Intel Corporation (NASDAQ:INTC) were up 0.77 points or 2.54% to close at 29.51, while Walt Disney Company (NYSE:DIS) were down 2.00 points (2.54%). 18%) and finished trading at 89.82.

Among the S&P 500 index components gainers in today's trading were Moderna Inc (NASDAQ:MRNA), which rose 8.69% to 137.75, Zions Bancorporation (NASDAQ:ZION), which gained 4.63%, to close at 29.39 and Albemarle Corp (NYSE:ALB), which rose 4.60% to close at 215.99.

The least gainers were Las Vegas Sands Corp (NYSE:LVS), which shed 6.35% to close at 55.71. Shares of First Republic Bank (OTC:FRCB) shed 6.13% to end the session at 0.34. Quotes of Universal Health Services Inc (NYSE:UHS) fell 6.11% to 126.98.

The leading performers in the NASDAQ Composite Index today were CohBar Inc (NASDAQ:CWBR), which rose 223.23% to 5.01, HeartCore Enterprises Inc (NASDAQ:HTCR), which gained 92.19%. , to close at 2.46, and Lifecore Biomedical Inc (NASDAQ:LFCR), which rose 50.19% to close at 8.05.

The least gainers were Nanthealth LLC (NASDAQ:NH), which shed 46.64% to close at 1.35. Shares of T2 Biosystems Inc (NASDAQ:TTOO) shed 38.51% to end the session at 0.17. Microvast Holdings Inc (NASDAQ:MVST) dropped 36.36% to 1.40.

On the New York Stock Exchange, the number of securities that fell in price (1806) exceeded the number of those that closed in positive territory (1145), while quotes of 103 shares remained virtually unchanged. On the NASDAQ stock exchange, 1,926 companies fell in price, 1,629 rose, and 148 remained at the level of the previous close.

T2 Biosystms Inc (NASDAQ:TTOO) tumbled to all-time lows, down 38.51% or 0.11 points to close at 0.17.

The CBOE Volatility Index, which is based on S&P 500 options trading, rose 7.67% to 18.53.

Gold futures for June delivery lost 0.00%, or 0.05, to hit $1.00 a troy ounce. In other commodities, WTI July futures rose 1.58%, or 1.14, to $73.19 a barrel. Brent futures for July delivery rose 1.47%, or 1.12, to $77.11 a barrel.

Meanwhile, in the Forex market, the EUR/USD pair was unchanged 0.40% to 1.08, while USD/JPY fell 0.02% to hit 138.58.

Futures on the USD index rose 0.35% to 103.43.

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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.