U.S. market indexes were lower on Thursday. For the day, the Dow Jones Industrial Average closed at 21,750.73 for a loss of -274.14 points or -1.24%. The S&P 500 closed at 2,430.01 for a loss of -38.10 points or -1.54%. The Nasdaq Composite closed at 6,221.91 for a loss of -123.19 points or -1.94%. The VIX Volatility Index was higher for the day at 15.51 for a gain of 3.77 points or 32.11%.
Thursday’s Market Movers
Dow Jones Industrial Average stocks were lower with some negative earnings results. Economic reports affecting trading for the day included the following:
- Jobless claims decreased by 12,000 to 232,000.
- Industrial production increased 0.2% for the month.
- E-commerce retail sales reported a seasonally adjusted annual growth rate of 4.8% for the second quarter.
- The Index of Leading Economic Indicators increased 0.3% for the month.
- Mortgage rates were lower. The weekly average 30-year fixed-rate mortgage decreased to 3.89%. The 15-year fixed-rate mortgage decreased to 3.16%.
In the Dow Jones Industrial Average the following stocks led losses:
Cisco (CSCO, Financial) -4.10%
Goldman Sachs (GS, Financial) -1.94%
Apple (AAPL, Financial) -1.90%
Intel (INTC, Financial) -1.79%
Microsoft (MSFT, Financial) -1.71%
In the broad market, technology and financial stocks led losses. The S&P 500 technology sector was down -1.96%. The S&P 500 financial sector was down -1.74%.
Small-cap stocks
In small-caps, the Russell 2000 Index closed at 1,358.94 for a loss of -24.59 points or -1.78%. The S&P 600 closed at 819.83 for a loss of -15.66 points or -1.87%. The Dow Jones Small-Cap Growth TSM Index closed at 8,272.59 for a loss of -150.88 points or -1.79%. The Dow Jones Small-Cap Value TSM Index closed at 9,280.60 for a loss of -158.13 points or -1.68%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,696.14 for a loss of -29.69 points or -1.72%; the S&P 100 Index at 1,076.11 for a loss of -16.47 points or -1.51%; the Russell 3000 Index at 1,434.04 for a loss of -22.72 points or -1.56%; the Russell 1000 Index at 1,345.14 for a loss of -21.07 points or -1.54%; and the Dow Jones US Select Dividend Index at 649.03 for a loss of -8.67 points or -1.32%.
