US close: Stocks lower following December PCE reading.


Wall Street stocks closed lower on Friday despite a slightly better-than-expected US consumption reading.

Source: Sharecast

At the close, the Dow Jones Industrial Average was down 0.75% at 44,544.66, while the S&P 500 lost 0.50% to 6,040.53, and the Nasdaq Composite was 0.28% weaker at 19,627.44.

In the background, the US dollar and gold futures were higher amid reports that the White House was set to impose 25% tariffs on Canada and Mexico on Saturday.

West Texas crude oil futures were down 0.28% to $72.53 a barrel and the yield on the benchmark 10-year Treasury note was more than two basis points higher at 4.541%.

On the macro front, the Department of Commerce revealed personal consumption expenditures jumped in December by 0.7% month-on-month (consensus: 0.6%). Core PCE, the Fed's preferred inflation gauge, price gains were steady at 2.8% year-on-year. The three and six-month core PCE measures, however, continued to move lower.

In the corporate space, Apple shares were down 0.67% at the close of trading despite the tech giant beating profit forecasts with its latest set of quarterly results.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Dow Chemical Co. (DOW) $39.05 1.30%
Cisco Systems Inc. (CSCO) $60.60 0.20%
Amgen Inc. (AMGN) $285.42 0.15%
Dowdupont Inc. (DWDP) $0.00 0.00%
Merck & Co. Inc. (MRK) $98.82 -0.13%
Verizon Communications Inc. (VZ) $39.39 -0.20%
Walt Disney Co. (DIS) $113.06 -0.33%
JP Morgan Chase & Co. (JPM) $267.30 -0.35%
Visa Inc. (V) $341.80 -0.36%
American Express Co. (AXP) $317.00 -0.47%

Dow Jones - Fallers

Walgreens Boots Alliance, Inc. (WBA) $10.28 -10.53%
Chevron Corp. (CVX) $149.19 -4.56%
Nike Inc. (NKE) $76.90 -1.83%
Boeing Co. (BA) $176.52 -1.68%
Apple Inc. (AAPL) $236.00 -1.57%
Travelers Company Inc. (TRV) $245.02 -1.57%
3M Co. (MMM) $152.29 -1.42%
International Business Machines Corporation (CDI) (IBM) $255.70 -1.00%
Caterpillar Inc. (CAT) $371.44 -0.94%
Coca-Cola Co. (KO) $63.48 -0.89%

S&P 500 - Risers

Franklin Resources Inc. (BEN) $22.20 10.37%
Eastman Chemical Co. (EMN) $99.51 7.53%
Electronic Arts Inc. (EA) $122.91 4.78%
AbbVie Inc (ABBV) $183.90 4.70%
Keysight Technologies Inc. (KEYS) $178.19 4.59%
Vertex Pharmaceuticals Inc. (VRTX) $461.68 4.41%
Corning Inc. (GLW) $52.08 4.18%
CIGNA Corp. (CI) $293.83 3.97%
Lam Research Corp. (LRCX) $81.05 3.31%
Alphabet Inc. Class A (GOOGL) $204.02 3.00%

S&P 500 - Fallers

Walgreens Boots Alliance, Inc. (WBA) $10.28 -10.53%
Resmed Inc. (RMD) $236.51 -8.33%
PPG Industries Inc. (PPG) $115.42 -6.00%
Apache Corp. (APA) $21.93 -6.00%
W.W. Grainger Inc. (GWW) $1,063.74 -5.63%
Diamondback Energy Inc. (FANG) $164.36 -4.90%
Hess Corp. (HES) $139.03 -4.68%
Occidental Petroleum Corp. (OXY) $46.65 -4.64%
Colgate-Palmolive Co. (CL) $86.67 -4.61%
Chevron Corp. (CVX) $149.19 -4.56%

Nasdaq 100 - Risers

Electronic Arts Inc. (EA) $122.91 4.78%
Vertex Pharmaceuticals Inc. (VRTX) $461.68 4.41%
Sirius XM Holdings Inc (SIRI) $24.01 4.34%
Lam Research Corp. (LRCX) $81.05 3.31%
Alphabet Inc. Class A (GOOGL) $204.02 3.00%
Alphabet Inc. Class C (GOOG) $205.60 2.82%
Texas Instruments Inc (TXN) $184.61 1.66%
KLA-Tencor Corp. (KLAC) $738.24 1.66%
Synopsys Inc. (SNPS) $525.48 1.65%
Broadcom Inc. (AVGO) $221.27 1.57%

Nasdaq 100 - Fallers

Walgreens Boots Alliance, Inc. (WBA) $10.28 -10.53%
Qurate Retail Inc. (QRTEA) $0.35 -4.82%
Seagate Technology Plc (STX) $96.36 -3.98%
Align Technology Inc. (ALGN) $219.11 -3.72%
Gen Digital Inc. (GEN) $26.91 -3.10%
Trip.com Group Limited (TCOM) $70.17 -2.87%
DENTSPLY Sirona Inc. (XRAY) $19.76 -2.80%
Take-Two Interactive Software Inc. (TTWO) $185.51 -2.56%
Fastenal Co. (FAST) $73.24 -2.32%
Microchip Technology Inc. (MCHP) $54.30 -2.25%

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