U.S. market indexes were lower on Thursday. The Dow Jones Industrial Average closed at 23,461.94 for a loss of -101.42 points or -0.43%. The S&P 500 closed at 2,584.62 for a loss of -9.76 points or -0.38%. The Nasdaq Composite closed at 6,750.05 for a loss of -39.06 points or -0.58%. The VIX Volatility Index was higher at 10.54 with a gain of 0.76 points or 7.77%.
Thursday’s market movers
Stocks were lower Thursday after Senate Republicans reported some opposition to the tax bill passed by the House of Representatives. Specifically, Senate Republicans are considering a delayed 2019 decrease to corporate tax rates.
Economic reports affecting market trading included the following:
- Jobless claims increased by 10,000 to 239,000.
- Wholesale trade inventories increased 0.3% for the month.
In the Dow Jones Industrial Average, the following stocks led losses:
McDonald's (MCD, Financial) -1.79%
United Technologies (UTX, Financial) -1.56%
American Express (AXP, Financial) -1.44%
Caterpillar (CAT, Financial) -1.33%
Cisco Systems (CSCO, Financial) -1.28%
Intel (INTC, Financial) -0.88%
Johnson & Johnson (JNJ, Financial) -0.69%
General Electric (GE, Financial) -0.65%
In the broad market, industrial and materials stocks led losses. Technology was also lower with the S&P 500 technology sector down -0.80%.
Small-cap stocks
In small-caps, the Russell 2000 Index closed at 1,475.02 for a loss of -6.71 points or -0.45%. The S&P 600 closed at 893.16 for a loss of -3.82 points or -0.43%. The Dow Jones Small-Cap Growth TSM Index closed at 9,005.41 for a loss of -45.70 points or -0.50%. The Dow Jones Small-Cap Value TSM Index closed at 9,884.65 for a loss of -31.64 points or -0.32%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,826.20 for a loss of -9.89 points or -0.54%; the S&P 100 Index at 1,142.07 for a loss of -3.36 points or -0.29%; the Russell 3000 Index at 1,528.40 for a loss of -6.05 points or -0.39%; the Russell 1000 Index at 1,431.52 for a loss of -5.60 points or -0.39%; and the Dow Jones U.S. Select Dividend Index at 678.85 for a loss of -1.17 points or -0.17%.
