U.S. equities finished the session lower on Friday as declines in several cyclical sectors pushed major indexes into the red.
Market close snapshot
At the New York Stock Exchange close, the Dow Jones Industrial Average fell 1.07%. The S&P 500 lost 1.24% and the Nasdaq Composite declined 1.54% by the end of trading.
Sector pressure came principally from Basic Materials, Utilities and Industrials, which together helped drag overall market performance into negative territory.
Blue-chip movers
- Top performers on the Dow: Salesforce Inc (NYSE:CRM) led the index's gainers, up 3.56% to 173.55. Microsoft Corporation (NASDAQ:MSFT) rose 3.05% to 421.92, and Chevron Corp (NYSE:CVX) added 2.39% to finish at 191.10.
- Largest decliners on the Dow: NVIDIA Corporation (NASDAQ:NVDA) fell 4.42% to 225.32. Boeing Co (NYSE:BA) dropped 3.80% to 220.49, while Caterpillar Inc (NYSE:CAT) slid 3.47% to close at 888.25.
S&P 500 and Nasdaq movers
- On the S&P 500, Enphase Energy Inc (NASDAQ:ENPH) was the session's strongest performer among large-cap names, jumping 10.16% to 52.89. DexCom Inc (NASDAQ:DXCM) gained 6.57% to end at 61.62, and FactSet Research Systems Inc (NYSE:FDS) rose 6.36% to 212.58.
- At the other end of the S&P 500, Corning Incorporated (NYSE:GLW) fell 7.91% to 191.81, Ford Motor Company (NYSE:F) declined 7.32% to 13.42 and Micron Technology Inc (NASDAQ:MU) was down 6.69% to 724.13 at the close.
- On the Nasdaq Composite, the session included extreme moves among smaller-cap and micro-cap names: HCW Biologics Inc (NASDAQ:HCWB) surged 262.02% to 1.22, P3 Health Partners Inc (NASDAQ:PIII) climbed 180.03% to 11.29, and Murano Global Investments Plc (NASDAQ:MRNO) gained 93.76% to 0.56. Conversely, eLong Power Holding Ltd (NASDAQ:ELPW) tumbled 51.03% to 0.95, Work Medical Technology Group Ltd (NASDAQ:WOK) fell 49.23% to 0.66 and Lanzatech Global Inc (NASDAQ:LNZA) dropped 43.27% to 9.73.
Market breadth and record moves
Declining issues outnumbered advancing ones across the exchanges. On the New York Stock Exchange, 2,144 stocks fell while 619 advanced and 68 finished unchanged. On the Nasdaq, 2,500 issues declined, 874 advanced and 163 were unchanged.
Notable 52-week and all-time moves reported by exchanges included shares of Enphase Energy (NASDAQ:ENPH) rising to 52-week highs with a 10.16% gain, and P3 Health Partners Inc (NASDAQ:PIII) also reaching 52-week highs after a 180.03% advance. Work Medical Technology Group Ltd (NASDAQ:WOK) fell to all-time lows, down 49.23% to 0.66.
Volatility, commodities and currencies
The CBOE Volatility Index, which measures implied volatility of S&P 500 options, rose 6.72% to 18.42, signaling higher option-market expectations for near-term swings.
In commodities, June gold futures declined sharply, falling 2.95% or 138.05 to $4,547.25 a troy ounce. Crude oil for June delivery moved higher, gaining 4.54% or 4.59 to $105.76 a barrel, while the July Brent contract rose 3.48% or 3.68 to $109.40 a barrel.
Currency moves included the euro-dollar pair (EUR/USD) roughly unchanged at 1.16, USD/JPY up 0.30% to 158.79 and the U.S. Dollar Index Futures rising 0.50% to 99.22.
What the session shows
Friday's session featured broad weakness across major indexes with a handful of individual winners among large caps and more pronounced swings in smaller-cap names on the Nasdaq. Elevated readings in the volatility index, a retreat in gold futures and a rally in oil were prominent features of the trading day.
This report focuses on closing market statistics, individual stock performances across major U.S. exchanges, market breadth and key commodity and currency moves as recorded at the NYSE and Nasdaq closes.