The Dow Jones Industrial Average closed at 30,015.51 on Tuesday with a loss of 200.94 points or -0.67%. The S&P 500 closed at 3,687.26 for a loss of 7.66 points or -0.21%. The Nasdaq Composite closed at 12,807.92 for a gain of 65.40 points or 0.51%. The VIX Volatility Index was lower at 24.23 for a loss of 0.93 points or -3.70%.
Tuesday's Market Movers
U.S. stocks ended mostly flat Tuesday. The Nasdaq reported a gain of 0.51% after Congress passed a combined spending and stimulus bill. Despite positive stimulus news, investors were still concerned over reports of a new strain of the Coronavirus discovered in the U.K.
In other news:
- Walmart (WMT, Financial) was down -1.2% after a Department of Justice lawsuit pertaining to opioid distribution.
- U.S. GDP increased 33.4% in the third quarter on a seasonally adjusted annual basis, according to the Commerce Department's final estimate.
- Corporate profits increased 27% in the third quarter following a decrease of -10.7%.
- Further investigations into Google's (GOOG, Financial)(GOOGL, Financial) ongoing antitrust lawsuit shows some potential issues with a cooperative agreement between the company and Facebook (FB, Financial).
- Apple (AAPL, Financial) gained 2.85% on electric vehicle developments.
- Technology and real estate led gains for the day.
- The Conference Board's Consumer Confidence Index decreased to 88.6 from 92.9.
- Existing home sales decreased -2.5% in November to a seasonally adjusted annual rate of 6.69 million.
- The Richmond Fed Manufacturing Index increased to 19 in December from 15.
- The Treasury held auctions for 119-day bills at a rate of 0.090%, 42-day bills at a rate of 0.080% and five-year TIPS at a rate of -1.575%.
Small-Cap Stocks
In small-caps, the Russell 2000 closed at 1,989.88 for a gain of 19.55 points or 0.99%. The S&P 600 closed at 1,109.45 for a gain of 4.85 points or 0.44%. The Dow Jones U.S. Small-Cap Growth Index closed at 14,038.73 for a gain of 209.65 points or 1.52%. The Dow Jones U.S. Small-Cap Value Index closed at 8,876.03 for a loss of 11.50 points or -0.13%.
Other Notable Indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 2,292.19 for a gain of 10.01 points or 0.44%; the S&P 100 at 1,689.10 for a loss of 3.92 points or -0.23%; the Nasdaq 100 at 12,717.56 for a gain of 27.31 points or 0.22%; the Russell 3000 at 2,220.37 for a gain of 0.27 points or 0.012%; the Russell 1000 at 2,091.44 for a loss of 1.18 points or -0.056%; the Wilshire 5000 at 38,686.35 for a loss of 6.68 points or -0.017%; and the Dow Jones U.S. Select Dividend Index at 671.34 for a loss of 4.41 points or -0.65%.
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