U.S. market indexes were mixed on Wednesday. The Dow Jones Industrial Average closed at 24,083.83 for a gain of 59.70 points or 0.25%. The S&P 500 closed at 2,639.40 for a gain of 4.84 points or 0.18%. The Nasdaq Composite was lower at 7,003.74 for a loss of -3.61 points or -0.05%. The VIX Volatility Index was lower at 17.84 for a loss of -0.18 points or -1.00%.
Wednesday’s market movers
The 10-year Treasury note’s yield exceeded 3% on Wednesday, reaching its highest level since 2013. U.S. market indexes were mixed with losses in the Nasdaq. The real estate and financial sectors led losses while energy and materials led gains.
Economic reports affecting market trading included the following:
- The Mortgage Bankers Association’s mortgage applications index reported a decrease of -0.2% for the week.
- The EIA Petroleum Status report showed an increase of 2.2 million barrels of oil inventory for the week.
In the Dow Jones Industrial Average, the following stocks led gains and losses:
Gains
Losses
- General Electric (GE, Financial) -4.29%
- American Express (AXP, Financial) -1.65%
- Coca-Cola (KO, Financial) -1.49%
Small-cap stocks
In small-caps, the Russell 2000 closed at 1,550.47 for a loss of -2.81 points or -0.18%. The S&P 600 closed at 955.03 for a loss of -2.34 points or -0.24%. The Dow Jones Small-Cap Growth TSM Index closed at 9,554.38 for a loss of -19.25 points or -0.20%. The Dow Jones Small-Cap Value TSM Index closed at 10,008.51 for a gain of 8.32 points or 0.08%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,888.01 for a gain of 1.19 points or 0.06%; the S&P 100 at 1,155.38 for a gain of 1.54 points or 0.13%; the Russell 3000 at 1,566.31 for a gain of 1.95 points or 0.12%; the Russell 1000 at 1,463.95 for a gain of 2.20 points or 0.15%; and the Dow Jones U.S. Select Dividend Index at 688.44 for a gain of 1.34 points or 0.20%.
