U.S. market indexes were lower on Tuesday. The Dow Jones Industrial Average closed at 23,409.47 for a loss of -30.23 points or -0.13%. The S&P 500 closed at 2,578.87 for a loss of -5.97 points or -0.23%. The Nasdaq Composite closed at 6,737.87 for a loss of -19.72 points or -0.29%. The VIX Volatility Index was higher at 11.58 for a gain of 0.08 points or 0.70%.
Tuesday’s market movers
Tax reform uncertainty and a lower estimate for oil demand from the International Energy Agency pushed stocks lower on Tuesday. The House is likely to vote on a tax bill this week and the Senate continues to work on its version of a tax bill.
Economic reports affecting market trading included the following:
- The NFIB Small Business Optimism Index increased to 103.8 from 103.0.
- The Producer Price Index increased 0.4% for the month and 2.8% for the year.
In the Dow Jones Industrial Average, the following stocks led gains:
General Electric (GE, Financial) -5.89%
Apple (AAPL, Financial) -1.53%
Walt Disney (DIS, Financial) -1.52%
Goldman Sachs (GS, Financial) -1.23%
Exxon Mobil (XOM, Financial) -0.78%
JPMorgan (JPM, Financial) -0.61%
In the broad market, energy led losses. The S&P 500 energy sector was down -1.60%. Technology stocks were also lower with the S&P 500 technology sector down -0.20%.
Small-cap stocks
In small-caps, the Russell 2000 Index closed at 1,471.26 for a loss of -3.81 points or -0.26%. The S&P 600 Index closed at 894.74 for a loss of -0.30 points or -0.03%. The Dow Jones Small-Cap Growth TSM Index closed at 8,972.52 for a loss of -38.93 points or -0.43%. The Dow Jones Small-Cap Value TSM Index closed at 9,878.27 for a loss of -2.31 points or -0.02%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,826.80 for a loss of -2.13 points or -0.12%; the S&P 100 Index at 1,136.74 for a loss of -4.08 points or -0.36%; the Russell 3000 Index at 1,525.27 for a loss of -3.58 points or -0.23%; the Russell 1000 Index at 1,428.64 for a loss of -3.33 points or -0.23%; and the Dow Jones U.S. Select Dividend Index at 682.79 for a gain of 1.68 points or 0.25%.
