US Market Indexes Mostly Lower Monday With Losses From Energy

Nasdaq reaches new high of 5,531.82

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Jan 09, 2017
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U.S. market indexes were mostly lower on Monday with energy leading losses. Technology stocks mostly gained with a new high reached by the Nasdaq Composite. For the day, the Dow Jones Industrial Average closed at 19887.38 for a loss of -76.42 points or -0.38%. The S&P 500 closed at 2268.90 for a loss of -8.08 points or -0.35%. The Nasdaq Composite closed at 5531.82 for a gain of 10.76 points or 0.19%. The VIX Volatility Index was higher for the day at 11.58 for a gain of 0.26 points or 2.30%.

Monday’s market movers

Economic reports affecting trading on Monday included the following:

  • The Federal Reserve’s Labor Market Conditions Index was lower in December at -0.3, which was down from 2.1 in the previous month.
  • Consumer credit was reported on Monday with an increase of $24.5 billion in total credit.

In the Dow Jones Industrial Average, the following stocks led losses:

ExxonMobil (XOM, Financial) -1.65%

IBM (IBM, Financial) -1.11%

In the broad market, losses were led by energy stocks with the S&P 500 energy sector down -1.45%. Technology stocks were mostly higher for the day with NVIDIA (NVDA, Financial) reporting a leading gain of 4.05% in the S&P 500.

Small-cap stocks

In small-caps, the Russell 2000 Index closed at 1357.49 for a loss of -9.79 points or -0.72%. The S&P 600 Small-Cap Index closed at 832.38 for a loss of -7.79 points or -0.93%. The Dow Jones Small-Cap Growth TSM Index closed at 8029.84 for a loss of -33.15 points or -0.41%. The Dow Jones Small-Cap Value TSM Index closed at 9629.92 for a loss of -116.02 points or -1.19%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1670.24 for a loss of -11.83 points or -0.70%; the S&P 100 Index at 1005.65 for a loss of -2.50 points or -0.25%; the Russell 3000 Index at 1348.74 for a loss of -5.31 points or -0.39%; the Russell 1000 Index at 1258.88 for a loss of -4.60 points or -0.36%; and the Dow Jones U.S. Select Dividend Index at 633.88 for a loss of -6.70 points or -1.05%.

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