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Julie Young
Julie Young
Articles (968) 

US Market Indexes Close Lower After Trade Reports

Dow Jones closes at 25,090.48 with a loss of -84.83 points or -0.34%

June 15, 2018 | About:

The Dow Jones Industrial Average closed at 25,090.48 on Friday with a loss of -84.83 points or -0.34%. The S&P 500 closed at 2,779.42 for a loss of -3.07 points or -0.11%. The Nasdaq Composite closed at 7,746.38 for a loss of -14.66 points or -0.19%. The VIX Volatility Index was lower at 11.98 for a loss of -0.14 points or -1.16%.

For the week, the S&P 500 was down -0.1%, the Dow Jones was down -1.0% and the Nasdaq Composite gained 1.2%.

Year to date, the S&P 500 is now up 5.33%, the Dow Jones has gained 2.71% and the Nasdaq Composite has a return of 12.70%.

Friday’s market movers

U.S. market indexes were lower Friday following trade reports from both the U.S. and China on new international tariffs. The Trump administration announced it would require a tax of 25% on $50 billion worth of industrial technology goods from China. In response, a report from China said it would require a tax of 25% on $50 billion worth of U.S. agriculture and automotive goods.

Sectors reporting the greatest losses for the day included energy and materials. The S&P 500 energy sector was down -2.20% with OPEC reporting a potential increase in production and energy products on the second round list for additional tariffs from China.

Economic reports affecting market trading included the following:

  • Industrial production reported a monthly decrease of -0.1%.
  • The University of Michigan’s Consumer Sentiment Index increased to 99.3 from 98.

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

Small-cap stocks

In small-caps, the Russell 2000 closed at 1,683.91 for a loss of -0.82 points or -0.05%. The S&P 600 closed at 1,039.54 for a gain of 0.45 points or 0.04%. The Dow Jones Small-Cap Growth TSM Index closed at 10,451.73 for a loss of -18.04 points or -0.17%. The Dow Jones Small-Cap Value TSM Index closed at 10,470.51 for a loss of -18.33 points or -0.17%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,992.37 for a loss of -3.33 points or -0.17%; the S&P 100 at 1,220.09 for a loss of -1.69 points or -0.14%; the Russell 3000 at 1,656.06 for a loss of -1.57 points or -0.09%; the Russell 1000 at 1,544.31 for a loss of -1.52 points or -0.10%; and the Dow Jones U.S. Select Dividend Index at 700.59 for a gain of 0.51 points or 0.07%.

About the author:

Julie Young
Julie Young is a financial writer with comprehensive experience in the financial services industry. She writes about investments, investment products, 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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