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Julie Young
Julie Young
Articles (736) 

US Market Indexes Lower on Tuesday

Dow Jones closes at 23,409.47

November 14, 2017 | About:

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 (NYSE:GE) -5.89%

Apple (NASDAQ:AAPL) -1.53%

Walt Disney (NYSE:DIS) -1.52%

Goldman Sachs (NYSE:GS) -1.23%

Exxon Mobil (NYSE:XOM) -0.78%

JPMorgan (NYSE:JPM) -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%.

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.

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