US Market Indexes Lower Ahead of Earnings

Dow Jones at 19891.00

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Jan 12, 2017
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U.S. market indexes were lower on Thursday. For the day, the Dow Jones Industrial Average closed at 19891.00 for a loss of -63.28 points or -0.32%. The S&P 500 closed at 2270.44 for a loss of -4.88 points or -0.21%. The Nasdaq Composite closed lower at 5547.49 for a loss of -16.16 points or -0.29%. The VIX Volatility Index closed at 11.54 points for a gain of 0.28 points or 2.49%.

Thursday’s market movers

Economic reports affecting market trading on Thursday included the following:

  • Jobless claims increased by 10,000 to 247,000.
  • Prices on imports and exports were both higher for the month December. Import prices increased 0.4% for the month and 1.8% for the year. Export prices increased 0.3% for the month and 1.1% for the year.
  • Mortgage rates reported by Freddie Mac were lower for the week. The 30-year fixed-rate mortgage average decreased to 4.12% from 4.20%.

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

Disney (DIS, Financial) -1.75%

JPMorgan (JPM, Financial) -0.96%

Microsoft (MSFT, Financial) -0.92%

In the broad market, real estate led gains and the financial sector led losses. Technology stocks were lower with the S&P 500 technology sector down 0.24%.

Small-cap stocks

In small-caps, the Russell 2000 closed at 1361.07 for a loss of -12.23 points or -0.89%. The S&P 600 Index closed at 833.29 for a loss of -9.78 points or -1.16%. The Dow Jones Small-Cap Growth TSM Index closed at 8051.40 for a loss of -47.49 points or -0.59%. The Dow Jones Small-Cap Value TSM Index closed at 9681.52 for a loss of -89.59 points or -0.92%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1678.29 for a loss of -8.62 points or -0.51%; the S&P 100 Index at 1004.98 for a loss of -1.95 points or -0.19%; the Russell 3000 Index at 1350.30 for a loss of -3.74 points or -0.28 %; the Russell 1000 Index at 1260.18 for a loss of -2.82 points or -0.22%; and the Dow Jones U.S. Select Dividend Index at 635.22 for a loss of -2.24 points or -0.35%.

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