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Julie Young
Julie Young
Articles (794) 

US Market Indexes Report Record Intraday Losses

Dow Jones closes at 24,345.75

U.S. market indexes were lower on Monday. The Dow Jones Industrial Average closed at 24,345.75 for a loss of -1,175.21 points or -4.60%. The S&P 500 closed at 2,648.94 for a loss of -113.19 points or -4.10%. The Nasdaq Composite closed at 6,967.53 for a loss of -273.42 points or -3.78%. The VIX Volatility Index was higher at 37.32, increasing 20.01 points or 115.60%.

Monday’s market movers

U.S. market indexes reported record intraday losses as investors showed uncertainty over new leadership at the Federal Reserve and the potential for higher-than-expected rate increases in 2018. Treasury yields were higher for the day with the yield on the 10-year Treasury reaching 2.883%.

In the broad market, S&P 500 sectors reported the following losses:

  • Financials -5.98%
  • Industrials -4.54%
  • Health Care -4.43%
  • Energy -4.20%
  • Technology -4.18%
  • Materials -3.82%
  • Consumer Staples -3.63%
  • Consumer Discretionary -3.37%
  • Real Estate -2.58%
  • Utilities -1.64%

Economic reports affecting market trading included the following:

The PMI Services Index decreased to 53.3 from 53.7.

The ISM Non-Manufacturing Index increased to 59.9 from 55.9.

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

Small-cap stocks

In small-caps, the Russell 2000 Index closed at 1,491.09 for a loss of -56.18 points or -3.63%. The S&P 600 closed at 908.74 for a loss of -34.75 points or -3.68%. The Dow Jones Small-Cap Growth TSM Index closed at 9,258.17 for a loss of -339.92 points or -3.54%. The Dow Jones Small-Cap Value TSM Index closed at 9,760.33 for a loss of -362.76 points or -3.58%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,849.53 for a loss of -68.21 points or -3.56%; the S&P 100 Index at 1,171.85 for a loss of -52.84 points or -4.31%; the Russell 3000 Index at 1,564.66 for a loss of -64.90 points or -3.98%; the Russell 1000 Index at 1,466.98 for a loss of -61.29 points or -4.01%; and the Dow Jones U.S. Select Dividend Index at 681.01 for a loss of -24.13 points or -3.42%.

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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