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Julie Young
Julie Young
Articles (910) 

US Market Indexes Lower Wednesday

Dow Jones closes at 24,893.35

U.S. market indexes were lower Wednesday. The Dow Jones Industrial Average closed at 24,893.35 for a loss of -19.42 points or -0.08%. The S&P 500 closed at 2,681.66 for a loss of -13.48 points or -0.50%. The Nasdaq Composite closed at 7,051.98 for a loss of -63.90 points or -0.90%. The VIX Volatility Index was lower at 27.73 for a loss of -2.25 points or -7.51%.

Wednesday’s market movers

Rising yields continued to be a factor causing losses in U.S. market indexes. All three leading indexes finished lower on Wednesday. The energy and technology sectors led losses.

Economic reports affecting market trading included the following:

  • The Mortgage Bankers Association’s mortgage applications index increased 0.7% for the week.
  • The EIA Petroleum Status report showed an increase of 1.9 million barrels for the week.
  • Consumer credit reported an increase of $18.4 billion in December.

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

Small-cap stocks

In small-caps, the Russell 2000 Index closed at 1,507.97 for a gain of 0.80 points or 0.05%. The S&P 600 Index closed at 918.54 for a gain of 0.13 points or 0.01%. The Dow Jones Small-Cap Growth TSM Index closed at 9,361.23 for a loss of -10.39 points or -0.11%. The Dow Jones Small-Cap Value TSM Index closed at 9,835.97 for a loss of -5.20 points or -0.05%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1862.54 for a loss of -1.49 points or -0.08%; the S&P 100 Index at 1,187.56 for a loss of -6.93 points or -0.58%; the Russell 3000 Index at 1,583.18 for a loss of -6.60 points or -0.42%; the Russell 1000 Index at 1,484.41 for a loss of -6.74 points or -0.45%; and the Dow Jones U.S. Select Dividend Index at 684.23 for a loss of -0.99 points or -0.14%.

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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