U.S. market indexes were lower on Thursday. The Dow Jones Industrial Average closed at 24,508.66 for a loss of -76.77 points or -0.31%. The S&P 500 closed at 2,652.01 for a loss of -10.84 points or -0.41%. The Nasdaq Composite closed at 6,856.53 for a loss of -19.27 points or -0.28%. The VIX Volatility Index was higher for the day at 10.49 for a gain of 0.31 points or 3.05%.
Thursday’s market movers
Uncertainty over tax reform was a factor for markets as investors await the final vote. Materials and health care stocks led losses for the day.
Economic reports affecting market trading included the following:
- Jobless claims decreased by 11,000 to 225,000.
- Retail sales increased 0.8% in November.
- Import and export prices were reported. Both import and export prices increased 3.1% for the year.
- The Purchasing Managers' Index Composite decreased to 53.0 from 54.6.
- Business inventories decreased -0.1% in October.
In the Dow Jones Industrial Average, the following stocks led losses:
Caterpillar (CAT, Financial) -1.54%
UnitedHealth (UNH, Financial) -1.38%
Verizon (VZ, Financial) -1.04%
Johnson & Johnson (JNJ, Financial) -0.87%
JPMorgan (JPM, Financial) -0.81%
Microsoft (MSFT, Financial) -0.68%
American Express (AXP, Financial) -0.64%
Small-cap stocks
In small-caps, the Russell 2000 Index closed at 1,506.95 for a loss of -17.50 points or -1.15%. The S&P 600 Index closed at 916.55 for a loss of -11.07 points or -1.19%. The Dow Jones Large-Cap Growth TSM Index closed at 7,106.15 for a loss of -15.99 points or -0.22%. The Dow Jones Large-Cap Value TSM Index closed at 5,115.95 for a loss of -29.50 points or -0.57%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,867.14 for a loss of -16.63 points or -0.88%; the S&P 100 Index at 1,176.55 for a loss of -3.69 points or -0.31%; the Russell 3000 Index at 1,567.26 for a loss of -7.56 points or -0.48%; the Russell 1000 Index at 1,468.35 for a loss of -6.28 points or -0.43%; and the Dow Jones U.S. Select Dividend Index at 700.37 for a loss of -5.15 points or -0.73%.
