U.S. market indexes were lower Wednesday. For the day, the Dow Jones Industrial Average closed at 22,048.70 for a loss of -36.64 points or -0.17%. The S&P 500 closed at 2,474.02 for a loss of -0.90 points or -0.04%. The Nasdaq Composite closed at 6,352.33 for a loss of -18.13 points or -0.28%. The VIX Volatility Index was higher for the day at 11.11 for a gain of 0.15 points or 1.37%.
Wednesday’s market movers
Geopolitical concerns with North Korea continued on Wednesday. Economic reports affecting market trading included the following:
- The Mortgage Bankers Association’s mortgage applications index increased 3% for the week.
- Productivity reported a 0.9% SAAR for the quarter, increasing from 0.1%. Costs reported a 0.6% SAAR, decreasing from 5.4%.
- Wholesale inventories increased 0.7% for the month.
In the Dow Jones Industrial Average, the following stocks led losses for the day:
Disney (DIS, Financial) -3.93%
United Technologies (UTX, Financial) -0.91%
Verizon (VZ, Financial) -0.80%
Microsoft (MSFT, Financial) -0.48%
In the broad market, consumer discretionary stocks led losses. Technology stocks were also lower with the S&P 500 technology sector down -0.05%.
Small-cap stocks
In small-caps, the Russell 2000 Index closed at 1,396.95 for a loss of -13.20 points or -0.94%. The S&P 600 Small-Cap Index closed at 844.00 for a loss of -7.48 points or -0.88%. The Dow Jones Small-Cap Growth TSM Index closed at 8,488.60 for a loss of -65.32 points or -0.76%. The Dow Jones Small-Cap Value TSM Index closed at 9,518.43 for a loss of -84.95 points or -0.88%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,735.94 for a loss of -12.07 points or -0.69%; the S&P 100 Index at 1,095.14 for a loss of -0.08 points or -0.01%; the Russell 3000 Index at 1,460.86 for a loss of -2.13 points or -0.15%; the Russell 1000 Index at 1,369.31 for a loss of -1.12 points or -0.08%; and the Dow Jones U.S. Select Dividend Index at 661.75 for a loss of -2.05 points or -0.31%.
