US Market Indexes Mostly Lower on Wednesday

Dow Jones reports a gain and new closing high

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Jan 24, 2018
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U.S. market indexes were mostly lower on Wednesday. The Dow Jones Industrial Average closed at 26,252.12 for a gain of 41.31 points or 0.16%. The S&P 500 closed at 2,837.54 for a loss of -1.59 points or -0.06%. The Nasdaq Composite closed at 7,415.06 for a loss of -45.23 points or -0.61%. The VIX Volatility Index was higher at 11.46 for a gain of 0.36 points or 3.24%.

Wednesday’s market movers

The Dow Jones reported a new closing high on Wednesday. Other leading large-cap indexes were lower with technology stocks leading losses. Price volatility was higher for the day as investors watched fourth-quarter earnings and comments from the 2018 World Economic Forum in Davos, Switzerland.

Economic reports affecting market trading included the following:

  • The Mortgage Bankers Association’s mortgage applications index showed an increase of 4.5%.
  • The FHFA House Price Index increased 0.4% for the month and 6.5% for the year.
  • The Purchasing Managers' Index showed a preliminary increase to 53.8 from 53.0.
  • Existing home sales decreased to a seasonally adjusted annual rate of 5.570 million.
  • The EIA Petroleum Status report showed an inventory decrease of -1.1 million barrels.

In the Dow Jones Industrial Average, the following stocks led gains and losses:

Gains

Losses

Small-cap stocks

In small-caps, the Russell 2000 Index closed at 1,599.61 for a loss of -11.09 points or -0.69%. The S&P 600 Index closed at 972.96 for a loss of -6.23 points or -0.64%. The Dow Jones Small-Cap Growth TSM Index closed at 9,911.42 for a loss of -58.44 points or -0.59%. The Dow Jones Small-Cap Value TSM Index closed at 10,529.00 for a loss of -38.12 points or -0.36%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,987.74 for a loss of -6.14 points or -0.31%; the S&P 100 Index at 1,256.54 for a loss of -0.94 points or -0.07%; the Russell 3000 Index at 1,675.52 for a loss of -2.19 points or -0.13%; the Russell 1000 Index at 1,570.69 for a loss of -1.34 points or -0.09%; and the Dow Jones U.S. Select Dividend Index at 723.24 for a loss of -1.73 points or -0.24%.