US close: Stocks trade lower in first session of 2023

At the close, the Dow Jones Industrial Average was down 0.03% at 33,136.37, while the S&P 500 lost 0.40% to 3,824.14 and the Nasdaq Composite saw out the session 0.76% weaker at 10,386.98.

The Dow closed 10.88 points lower on Tuesday, extending losses recorded in the previous session

Stocks registered losses on Tuesday after major indices wrapped up 2022 with their worst full-year performance since the Global Financial Crisis in 2008. The Dow Jones saw out the year 8.8% lower, while the S&P 500 shed 19.4% and the tech-heavy Nasdaq ended 2022 33.1% weaker.

In focus on Tuesday, the International Monetary Fund's managing director Kristalina Georgieva cautioned that 2023 would be a tough year for the global economy as the US, China, and Europe all battle with weakening economic output.

On the macro front, S&P Global's December manufacturing purchasing managers was unrevised at 46.2 in December - marking the biggest contraction in factory activity since May 2020, amid weak client demand.

Elsewhere, construction spending rose 0.2% in November, according to the Census Bureau, bouncing back from the previous month's downwardly revised 0.2% dip and ahead of expectations for a 0.4% drop.

No major corporate earnings were released on Tuesday.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Boeing Co. (BA) $195.39 2.57%
Walt Disney Co. (DIS) $88.97 2.41%
3M Co. (MMM) $122.47 2.13%
Verizon Communications Inc. (VZ) $40.12 1.83%
Salesforce.Com Inc. (CRM) $134.78 1.65%
Nike Inc. (NKE) $118.75 1.49%
Dow Chemical Co. (DOW) $51.04 1.29%
Walmart Inc. (WMT) $143.60 1.28%
Intel Corp. (INTC) $26.73 1.14%
Johnson & Johnson (JNJ) $178.19 0.87%

Dow Jones - Fallers

Apple Inc. (AAPL) $125.07 -3.74%
Chevron Corp. (CVX) $173.99 -3.06%
Unitedhealth Group Inc. (UNH) $518.64 -2.18%
Coca-Cola Co. (KO) $62.95 -1.04%
Walgreens Boots Alliance, Inc. (WBA) $37.19 -0.46%
American Express Co. (AXP) $147.12 -0.43%
Amgen Inc. (AMGN) $261.65 -0.38%
Caterpillar Inc. (CAT) $238.88 -0.28%
Travelers Company Inc. (TRV) $187.12 -0.20%
Visa Inc. (V) $207.39 -0.18%

S&P 500 - Risers

Hanesbrands Inc. (HBI) $6.73 5.82%
Newmont Corporation (NEM) $49.58 5.04%
Paypal Holdings Inc (PYPL) $74.58 4.72%
Mohawk Inds Inc. (MHK) $106.86 4.54%
Dxc Technology Company (DXC) $27.67 4.42%
Wynn Resorts Ltd. (WYNN) $85.61 3.81%
Meta Platforms Inc. (META) $124.74 3.66%
Perrigo Company plc (PRGO) $35.21 3.29%
Ralph Lauren Corp (RL) $109.11 3.26%
Advance Auto Parts (AAP) $151.54 3.07%

S&P 500 - Fallers

Helmerich & Payne Inc. (HP) $46.15 -6.90%
Apache Corp. (APA) $43.62 -6.56%
Coterra Energy Inc. (CTRA) $23.21 -5.54%
Devon Energy Corp. (DVN) $58.12 -5.51%
Valero Energy Corp. (VLO) $120.04 -5.38%
Marathon Oil Corp. (MRO) $25.64 -5.28%
FMC Technologies Inc. (FTI) $11.55 -5.25%
Hess Corp. (HES) $134.52 -5.15%
National Oilwell Varco Inc. (NOV) $19.85 -4.98%
Marathon Petroleum Corporation (MPC) $110.92 -4.70%

Nasdaq 100 - Risers

NetEase Inc. Ads (NTES) $76.45 5.26%
Liberty Global plc Series C (LBTYK) $20.44 5.20%
Paypal Holdings Inc (PYPL) $74.58 4.72%
Liberty Global plc Series A (LBTYA) $19.82 4.70%
Baidu Inc. (BIDU) $119.13 4.15%
Wynn Resorts Ltd. (WYNN) $85.61 3.81%
Trip.com Group Limited (TCOM) $35.69 3.75%
Meta Platforms Inc. (META) $124.74 3.66%
JD.com, Inc. (JD) $57.64 2.69%
DENTSPLY Sirona Inc. (XRAY) $32.69 2.67%

Nasdaq 100 - Fallers

Tesla Inc (TSLA) $108.10 -12.24%
Apple Inc. (AAPL) $125.07 -3.74%
Biomarin Pharmaceutical Inc. (BMRN) $100.61 -2.78%
QUALCOMM Inc. (QCOM) $107.20 -2.49%
Mercadolibre Inc. (MELI) $826.11 -2.38%
Nvidia Corp. (NVDA) $143.15 -2.05%
Microchip Technology Inc. (MCHP) $69.10 -1.64%
Biogen Inc (BIIB) $272.63 -1.55%
Lam Research Corp. (LRCX) $414.30 -1.43%
Seagate Technology Plc (STX) $51.88 -1.39%