Market Overview#
U.S. stock markets ended lower on Thursday, driven by declines in the Basic Materials, Consumer Goods, and Consumer Services sectors. The Dow Jones Industrial Average fell by 0.44%, marking a new three-month low. The S&P 500 index and the NASDAQ Composite both experienced a drop of 0.28%.
Notable Movers#
Among the Dow's biggest gainers were Chevron Corp, which rose 1.42% to close at $201.44, Cisco Systems Inc, up 1.17% to $78.51, and Goldman Sachs Group Inc, which increased by 0.50% to $809.50. Conversely, Boeing Co saw a decline of 2.34% to $201.18, McDonald’s Corporation fell by 1.95% to $309.58, and 3M Company dropped 1.63% to $142.71.
Sector Performance#
In the S&P 500, Seagate Technology PLC led the way with a gain of 6.84%, closing at $434.60. Baker Hughes Co and Slb NV also performed well, rising 5.62% and 5.52%, respectively. On the downside, Fair Isaac Corporation fell by 7.52% to $1,113.16, Newmont Goldcorp Corp lost 6.89% to $99.20, and The Mosaic Company dropped 5.69% to $26.20.
Trading Statistics#
Overall, declining stocks outnumbered those that rose, with 1,581 declines against 1,153 advances on the NYSE. The NASDAQ saw 1,673 stocks fall while 1,609 rose. The CBOE Volatility Index, which gauges market volatility, decreased by 4.07% to 24.07.
In commodities, Gold Futures for April delivery fell by 4.82% to $4,660.14 per troy ounce, while Crude oil for May delivery decreased by 1.20% to $94.31 per barrel. The Euro gained 1.20% against the U.S. Dollar, while the Dollar fell against the Japanese Yen by 1.34%.