U.S. market indexes were lower Wednesday. For the day, the Dow Jones Industrial Average closed at 21,812.09 for a loss of -87.80 points or -0.40%. The S&P 500 closed at 2,444.04 for a loss of -8.47 points or -0.35%. The Nasdaq Composite closed at 6,278.41 for a loss of -19.07 points or -0.30%. The VIX Volatility Index was higher for the day at 11.85 for a gain of 0.50 points or 4.41%.
Wednesday’s market movers
Stocks were lower with comments from President Trump affecting valuations. Comments from the president Tuesday suggested he was willing to allow a government shutdown.
Economic reports affecting market trading on Wednesday included the following:
- The Mortgage Bankers Association’s mortgage applications index showed a decrease of -0.5%.
- The PMI Composite Flash Report increased to 56.0 from 54.2.
- New home sales decreased to a seasonally adjusted average of 571,000.
In the Dow Jones Industrial Average, the following stocks led losses:
Johnson & Johnson (JNJ, Financial) -1.41%
Disney (DIS, Financial) -1.24%
Cisco (CSCO, Financial) -1.12%
Caterpillar (CAT, Financial) -0.92%
General Electric (GE, Financial) -0.87%
In the broad market, industrial stocks led losses. Technology was also lower with the S&P 500 technology sector reporting a loss of -0.24%.
Small-cap stocks
In small-caps, the Russell 2000 Index closed at 1,369.74 for a loss of -1.80 points or -0.13%. The S&P 600 Small-Cap Index closed at 822.85 for a loss of -2.52 points or -0.31%. The Dow Jones Small-Cap Growth TSM Index closed at 8,340.30 for a loss of -19.94 points or -0.24%. The Dow Jones Small-Cap Value TSM* Index closed at 9,341.64 for a loss of -1.40 points or -0.01%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,703.08 for a loss of -3.96 points or -0.23%; the S&P 100 Index at 1,081.27 for a loss of -3.97 points or -0.37%; the Russell 3000 Index at 1,442.85 for a loss of -4.36 points or -0.30%; the Russell 1000 Index at 1,353.21 for a loss of -4.27 points or -0.31%; and the Dow Jones US Select Dividend Index at 654.06 for a loss of -0.76 points or -0.12%.
