BTN News: The U.S. stock market had a rough day on Thursday. The main indexes went down because technology, oil, and industry stocks did not do well. At the end of the trading day in New York, the Dow Jones Industrial Average fell by 1.21%. The S&P 500 dropped by 1.37%, and the NASDAQ Composite saw a big drop of 2.29%.
Procter & Gamble Company (NYSE) was the best performer in the Dow Jones. It went up by 3.05% and ended at 165.67. Johnson & Johnson (NYSE) also did well, going up by 1.84% to 160.76. Coca-Cola Co (NYSE) increased by 1.82% to 67.96, hitting a record high.
On the other hand, Boeing Co (NYSE) had the worst performance, falling by 6.45% to 178.31. Intel Corporation (NASDAQ) fell by 5.30% to 29.11, reaching its lowest level in a year. Chevron Corp (NYSE) also saw a big drop, falling by 4.89% to 152.62.
In the S&P 500, CH Robinson Worldwide Inc (NASDAQ) was the top gainer. It went up by an impressive 14.78% to 102.21, its highest level in a year. FMC Corporation (NYSE) rose by 10.25% to 64.34. Air Products and Chemicals Inc (NYSE) climbed by 8.95% to 287.47.
However, Moderna Inc (NASDAQ) suffered the biggest loss in the S&P 500, falling by 21.01% to 94.17. MGM Resorts International (NYSE) dropped by 13.22% to 37.29. Lam Research Corp (NASDAQ) went down by 9.87% to 830.33.
The NASDAQ Composite had some notable gainers. Evoke Pharma Inc (NASDAQ) surged by an astounding 1,114.70% to 4.86. Redhill Biopharma Ltd (NASDAQ) rose by 97.87% to 0.76. Dermata Therapeutics Inc (NASDAQ) increased by 44.19% to 2.48.
On the downside, Vintage Wine Estates Inc (NASDAQ) fell by 49.52% to 0.03, hitting an all-time low. Alx Oncology Holdings (NASDAQ) dropped by 41.67% to 2.80. Standard Biotools Inc (NASDAQ) declined by 36.61% to 1.42, reaching its lowest level in a year.
Overall, more stocks went down than up on the New York Stock Exchange. There were 2,035 stocks that fell compared to 826 that rose. Fifty-six stocks stayed the same. On the NASDAQ, 2,660 stocks fell, 715 went up, and 93 stayed unchanged.
The CBOE Volatility Index, which measures how much S&P 500 options are moving, went up by 13.63% to 18.59. This is the highest level in three months.
In the commodities market, gold futures for December delivery rose by 0.56% to $2,486.80 per troy ounce. Crude oil futures for September delivery fell by 1.31% to $76.89 per barrel. Brent oil futures for October delivery went down by 0.96% to $80.06 per barrel.
In the currency market, the EUR/USD stayed stable with a 0.34% change, ending at 1.08. The USD/JPY fell by 0.27% to 149.58. The U.S. Dollar Index climbed by 0.32% to 104.19.
Should You Invest $1,000 in Boeing Co Now?
Investors are always looking for the best stocks to buy. The ProPicks from Investing.com help by showing the best stocks to consider right now. They look at which stocks could make a lot of money in the future. Is Boeing Co one of them?
Boeing Co recently saw a big drop of 6.45%. This might make some investors think twice. However, it’s important to look at the bigger picture and the long-term potential of the company. Boeing is a key player in the aerospace industry. Even though it is facing problems now, its stock might go up again as market conditions improve and the company makes changes.
Procter & Gamble’s 3.05% gain shows that consumer goods can be a safe bet, especially when tech and oil stocks are struggling. Johnson & Johnson and Coca-Cola also did well, showing that healthcare and consumer staples are good choices during tough market times.
Analyzing Sector Performance
The technology sector had a hard time, as shown by Intel’s 5.30% drop. This sector faces challenges when the economy is not doing well. The oil and gas sector is also struggling, with Chevron’s 4.89% drop showing the ups and downs of the global energy market.
The industrial sector saw some big drops, like Boeing’s fall, but there are also good opportunities. Companies like CH Robinson Worldwide, which went up by 14.78%, show there is potential in logistics and supply chain management. These are very important in today’s global economy.
Conclusion: Market Sentiments and Future Outlook
The U.S. stock market’s performance on Thursday shows how different sectors are affected by economic factors. While technology, oil, and industrial sectors faced big problems, consumer goods and healthcare sectors remained strong. Investors should keep an eye on these trends to make smart decisions.
Procter & Gamble, Johnson & Johnson, and Coca-Cola show how some sectors are less affected by market volatility. On the other hand, understanding the bigger picture and specific issues faced by companies like Boeing and Intel is key for making good investment choices.
In summary, the market is complex and changes quickly. By staying informed and understanding how different sectors react to economic changes, investors can find good opportunities even when the market is down.
