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:
- Apple (AAPL, Financial) -2.43%
- Microsoft (MSFT, Financial) -1.88%
- Exxon (XOM, Financial) -1.80%
- Chevron (CVX, Financial) -1.61%
- Disney (DIS, Financial) -1.33%
- Caterpillar (CAT, Financial) -1.32%
- IBM (IBM, Financial) -0.96%
- Pfizer (PFE, Financial) -0.85%
- Procter & Gamble (PG, Financial) -0.66%
- American Express (AXP, Financial) -0.61%
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%.
