U.S. market indexes were mixed on Tuesday. The Dow Jones Industrial Average closed at 24.504.80 for a gain of 118.77 points or 0.49%. The S&P 500 closed at 2,664.11 for a gain of 4.12 points or 0.15%. The Nasdaq Composite closed at 6,862.32 for a loss of -12.76 points or -0.19%. The VIX Volatility Index was higher at 9.92 for a gain of 0.58 points or 6.21%.
Tuesday’s market movers
Stocks were mixed on Tuesday with the S&P 500 and Dow Jones reporting new highs. The Federal Open Market Committee began its December monetary policy meeting on Tuesday. Speculators believe the Fed will announce a federal funds rate increase on Wednesday.
Economic reports affecting market trading included the following:
- The NFIB Small Business Optimism Index increased to 107.5 from 103.8.
- The Producer Price Index increased 0.4% for the month and 3.1% for the year.
In the Dow Jones Industrial Average, the following stocks led gains:
Goldman Sachs (GS, Financial) 3.02%
General Electric (GE, Financial) 1.47%
JPMorgan (JPM, Financial) 1.16%
In the broad market, financial stocks led gains and energy stocks reported losses. Technology stocks in the S&P 500 technology sector were lower with a loss of -0.03%.
Small-cap stocks
In small-caps, the Russell 2000 Index closed at 1,516.12 for a loss of -3.72 points or -0.24%. The S&P 600 Index closed at 923.35 for a loss of -1.97 points or -0.21%. The Dow Jones Small-Cap Growth TSM Index closed at 9,266.00 for a loss of -31.53 points or -0.34%. The Dow Jones Small-Cap Value TSM Index closed at 10,182.32 for a loss of -10.47 points or -0.10%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,883.94 for a loss of -4.26 points or -0.23%; the S&P 100 Index at 1,180.47 for a gain of 4.02 points or 0.34%; the Russell 3000 Index at 1,574.92 for a gain of 1.38 points or 0.09%; the Russell 1000 Index at 1,475.38 for a gain of 1.69 points or 0.11%; and the Dow Jones U.S. Select Dividend Index at 703.60 for a loss of -3.12 points or -0.44%.
