1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Julie Young
Julie Young
Articles (669) 

US Market Indexes Lower on Political Worries

Dow Jones closes at 20606.93

May 17, 2017 | About:

U.S. market indexes were lower Wednesday.

For the day, the Dow Jones Industrial Average closed at 20,606.93 for a loss of 372.82 points or 1.78%. The Standard & Poor's 500 closed at 2,357.03 for a loss of 43.64 points or 1.82%. The Nasdaq Composite closed at 6,011.24 for a loss of 158.63 points or 2.57%. Price volatility was high for the day with the VIX Volatility Index ending at 15.59 for a gain of 4.94 points or 46.38%.

Tuesday’s market movers

Stocks were lower for the day with President Donald Trump’s FBI controversy affecting valuations. Economic reports released on Tuesday included the following:

  • The Mortgage Bankers Association’s mortgage applications index decreased by 4.1% for the week.
  • The EIA Petroleum Status report showed a decrease in oil inventory of 1.8 million barrels.

In the Dow Jones Industrial Average, the following stocks led losses:

In the broad market, financial stocks led losses. Technology stocks were also lower with the S&P 500 technology sector down 2.73%.

Small-cap stocks

In small-caps, the Russell 2000 Index closed at 1,355.89 for a loss of 38.79 points or 2.78%. The S&P 600 Small-Cap Index closed at 822.16 for a loss of 21.72 points or 2.57%. The Dow Jones Small-Cap Growth TSM Index closed at 8,204.86 for a loss of 225.97 points or 2.68%. The Dow Jones Small-Cap Value TSM Index closed at 9,267.37 for a loss of 213.29 points or 2.25%.

Other notable Iidexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,693.68 for a loss of 35.84 points or 2.07%; the S&P 100 Index at 1,040.68 for a loss of 20.11 points or 1.90%; the Russell 3000 Index at 1,395.28 for a loss of 26.87 points or 1.89%; the Russell 1000 Index at 1,306.12 for a loss of 24.16 points or 1.82%; and the Dow Jones U.S. Select Dividend Index at 643.27 for a loss of 6.59 points or 1.01%.

Start a free seven-day trial of Premium Membership to GuruFocus.

About the author:

Julie Young
Julie Young is a financial journalist with comprehensive experience in the financial services industry. She primarily writes about financial market news and economic trends. Julie holds a Master of Science degree in finance from Boston College and a Bachelor of Science degree in finance from the University of Arkansas.

Rating: 5.0/5 (1 vote)

Voters:

Comments

Brett Chatz
Brett Chatz - 4 months ago    Report SPAM

Well written. Kudos!

Please leave your comment:


GuruFocus has detected 2 Warning Signs with Goldman Sachs Group Inc $GS.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by Julie Young


User Generated Screeners


rael2222prova dcf
gelayor65All Stocks Insider Buys
gelayor65All Stocks With Blackrock Shak
gelayor65All Stocks With Blackrock Insi
liuzishuoverwrite 'Dividend Initiation
liuzishuDividend Initiation
pbarker46Dividend Growth
doug.quailLong Term Candidates
bjackscreener nou 3
bjackscreener nou 2
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK