U.S. market indexes were lower Wednesday. The Dow Jones Industrial Average closed at 23,329.46 for a loss of -112.30 points or -0.48%. The S&P 500 closed at 2,557.15 for a loss of -11.98 points or -0.47%. The Nasdaq Composite closed at 6,563.89 for a loss of -34.54 points or -0.52%. The VIX Volatility Index was higher for the day, closing at 11.23 for a gain of 0.07 points or 0.63%.
Wednesday’s market movers
Stocks were lower with disappointing earnings from some high-profile companies on Wednesday. Chipotle (CMG, Financial) and Alaska Air Group (ALK, Financial) missed revenue and earnings estimates with both stocks down over 10%.
Economic reports affecting market trading included the following:
- The Mortgage Bankers Association’s mortgage applications index was down -4.6%.
- Durable goods orders increased 2.2% for the month and 8.3% for the year.
- The FHFA House Price Index increased 0.7% for the month and 6.6% for the year.
- New home sales increased to a seasonally adjusted average rate of 667,000 from 561,000.
In the Dow Jones Industrial Average, the following stocks led losses:
General Electric (GE, Financial) -1.78%
In the broad market, industrial and energy stocks led losses. Technology was also lower with the S&P 500 technology sector down -0.54%.
Small-cap stocks
In small-caps, the Russell 2000 closed at 1,493.48 for a loss of -6.94 points or -0.46%. The S&P 600 closed at 906.82 for a loss of -4.33 points or -0.48%. The Dow Jones Small-Cap Growth TSM Index closed at 9,040.45 for a loss of -52.81 points or -0.58%. The Dow Jones Small-Cap Value TSM Index closed at 10,019.46 for a loss of -52.13 points or -0.52%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,820.54 for a loss of -10.65 points or -0.58%; the S&P 100 Index at 1,127.44 for a loss of -4.38 points or -0.39%; the Russell 3000 Index at 1,515.43 for a loss of -7.45 points or -0.49%; the Russell 1000 Index at 1,416.94 for a loss of -7.00 points or -0.49%; and the Dow Jones U.S. Select Dividend Index at 679.65 for a loss of -4.07 points or -0.60%.
