The Dow Jones Industrial Average closed at 34,599.82 on Tuesday with a loss of 30.42 points or -0.09%. The S&P 500 closed at 4,227.26 for a gain of 0.74 points or 0.02%. The Nasdaq Composite closed at 13,924.91 for a gain of 43.19 points or 0.31%. The VIX Volatility Index was higher at 17.07 for a gain of 0.65 points or 3.96%.
Tuesday’s Market Movers
U.S. stocks closed with mixed returns again Tuesday. The Nasdaq gained 0.31% after gaining 0.49% Monday. The Wilshire 5000 gained 0.16%.
U.S. President Joe Biden ended talks with some Senate Republicans over infrastructure spending. A Biden Administration data report was also released suggesting a $50 billion investment needed for semiconductor production. The iShares PHLX Semiconductor ETF (SOXX, Financial) was down -0.57%.
In other news:
- The Senate passed a $250 billion bill for government technology research and development in an effort to fight competition from China.
- The U.S. and Europe are on track to end the Boeing-Airbus dispute, which has been impacting tariff issues.
- The NFIB Business Optimism Index decreased to 99.6 from 99.8.
- International trade data was released showing a balance of trade deficit of -$68.9 billion in April following a deficit of -$75 billion. Exports increased $204.99 billion in April and imports increased $273.89 billion.
- The Job Openings and Labor Turnover Survey showed job openings of 9.286 million in April following a report of 8.288 million.
- The Treasury held auctions for 42-day bills at a rate of 0.010% and 3-year notes at a rate of 0.325%.
Across the board:
- Clover Health (CLOV, Financial) gained 85.82%.
- Apple (AAPL, Financial) gained 0.67% after concluding its Worldwide Developers Conference.
- Fastly (FSLY, Financial) ended with a gain of 10.82% after several of its client websites were down across the internet on Tuesday, including CNN, Bloomberg, New York Times, and Reddit.
- Eastman Kodak (KODK, Financial) 27.45%
- Bed Bath & Beyond (BBBY, Financial) 8.39%
- Amazon (AMZN, Financial) 2.07% on launch of Sidewalk Wi-Fi.
- Energy Select Sector SPDR Fund (XLE, Financial) 0.86%
- Consumer Discretionary Select Sector SPDR Fund (XLY, Financial) 0.81%
Small-Cap Stocks
In small-caps, the Russell 2000 closed at 2,343.76 for a gain of 24.58 points or 1.06%. The S&P 600 closed at 1,414.12 for a gain of 16.56 points or 1.18%. The Dow Jones U.S. Small-Cap Growth Index closed at 15,276.33 for a gain of 193.17 points or 1.28%. The Dow Jones U.S. Small-Cap Value Index closed at 11,849.71 for a gain of 119.30 points or 1.02%.
Other Notable Indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 2,750.32 for a gain of 24.19 points or 0.89%; the S&P 100 at 1,916.87 for a loss of 0.94 points or -0.049%; the Nasdaq 100 at 13,810.86 for a gain of 7.97 points or 0.058%; the Russell 3000 at 2,531.47 for a gain of 3.70 points or 0.15%; the Russell 1000 at 2,379.07 for a gain of 1.90 points or 0.080%; the Wilshire 5000 at 44,309.76 for a gain of 72.63 points or 0.16%; and the Dow Jones US Select Dividend Index at 869.03 for a loss of 0.29 points or -0.033%.
