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Julie Young
Julie Young
Articles (1529) 

US Indexes End Lower Tuesday

Trump requests halt on relief stimulus talks

The Dow Jones Industrial Average closed at 27,772.76 on Tuesday with a loss of 375.88 points or -1.34%. The S&P 500 closed at 3,360.95 for a loss of 47.68 points or -1.40%. The Nasdaq Composite closed at 11,154.60 for a loss of 177.88 points or -1.57%. The VIX Volatility Index was higher at 29.48 for a gain of 1.52 points or 5.44%.

Tuesday's Market Movers

U.S. indexes ended lower Tuesday. Investors were watching Capitol Hill, with several news headlines. President Trump is back at the White House and says he will participate in next week's debate. Trump also called on negotiators to stop any new relief talks until after the election even as Fed Chair Powell urged Congress for more support in virtual comments at a National Association for Business Economics meeting, causing share prices to drop.

FAANG stocks were lower Tuesday as reports suggested the government is pushing for breakups:

Across all sectors, consumer discretionary led losses and the Nasdaq Biotech Index was down -1.21%. In the S&P 500, the following stocks led gains and losses:

Economic reports affecting market trading included the following:

  • The August balance of trade report was released, showing a deficit of -$67.1 billion. Exports were $171.9 billion and imports were $239.0 billion.
  • The Job Openings and Labor Turnover Survey showed job openings of 6.493 million in August, down from 6.697 million.
  • The Treasury held auctions for 119-day bills at a rate of 0.105%, 42-day bills at a rate of 0.090%, three-year notes at a rate of 0.193% and 52-week bills at a rate of 0.140%.

Small-Cap Stocks

In small-caps, the Russell 2000 closed at 1,577.29 for a loss of 4.67 points or -0.30%. The S&P 600 closed at 895.26 for a loss of 1.18 points or -0.13%. The Dow Jones U.S. Small-Cap Growth Index closed at 11,085.70 for a loss of 33.62 points or -0.30%. The Dow Jones U.S. Small-Cap Value Index closed at 7,159.24 for a loss of 27.23 points or -0.38%.

Other Notable Indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,936.85 for a loss of 9.11 points or -0.47%; the S&P 100 at 1,550.15 for a loss of 25.40 points or -1.61%; the Nasdaq 100 at 11,291.27 for a loss of 217.79 points or -1.89%; the Russell 3000 at 1,978.30 for a loss of 25.03 points or -1.25%; the Russell 1000 at 1,877.84 for a loss of 24.89 points or -1.31%; the Wilshire 5000 at 34,521.72 for a loss of 450.77 points or -1.29%; and the Dow Jones US Select Dividend Index at 601.96 for a loss of 2.03 points or -0.34%.

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About the author:

Julie Young
Julie Young is a financial writer with comprehensive experience in the financial services industry. She writes about investments, investment products, financial market news and economic trends. Julie has a Master of Science in finance from Boston College and a Bachelor of Science in finance from the University of Arkansas.

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