U.S. market indexes were lower on Tuesday. The Dow Jones Industrial Average closed at 24,024.13 for a loss of -424.56 points or -1.74%. The S&P 500 closed at 2,634.56 for a loss of -35.73 points or -1.34%. The Nasdaq Composite closed at 7,007.35 for a loss of -121.25 points or -1.70%. The VIX Volatility Index was higher at 18.02 for a gain of 1.68 points or 10.28%.
Tuesday’s market movers
Rising Treasury yields continued to be a factor for U.S. indexes on Tuesday. Disappointing earnings for 3M (MMM, Financial) and lower technology stocks also contributed to losses. The S&P 500 technology sector reported a loss of -1.74% and the S&P 500 industrial sector reported a loss of -2.79%.
Economic reports affecting market trading included the following:
- The S&P Corelogic Case-Shiller Home Price Index reported a monthly gain of 0.8% and an annual gain of 6.8%.
- The FHFA House Price Index reported a monthly gain of 0.6% and an annual gain of 7.2%.
- New home sales were reported at a seasonally adjusted annual rate of 694,000.
- The Conference Board’s Consumer Confidence Index increased to 128.7 from 127.0.
In the Dow Jones, the following stocks led losses:
Small-cap stocks
In small-caps, the Russell 2000 closed at 1,553.28 for a loss of -8.84 points or -0.57%. The S&P 600 closed at 957.37 for a loss of -4.40 points or -0.46%. The Dow Jones Small-Cap Growth TSM Index closed at 9,573.63 for a loss of -86.34 points or -0.89%. The Dow Jones Small-Cap Value TSM Index closed at 10,000.19 for a loss of -17.15 points or -0.17%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,886.82 for a loss of -14.14 points or -0.74%; the S&P 100 at 1,153.84 for a loss of -16.59 points or -1.42%; the Russell 3000 at 1,564.36 for a loss of -19.69 points or -1.24%; the Russell 1000 at 1,461.76 for a loss of -19.24 points or -1.30%; and the Dow Jones U.S. Select Dividend Index at 687.10 for a loss of -2.09 points or -0.30%.
