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Julie Young
Julie Young
Articles (940) 

US Market Indexes Close Mostly Lower on Wednesday

Dow Jones closes at 25,583.75

The Dow Jones Industrial Average closed at 25,583.75 on Wednesday with a loss of -45.16 points or -0.18%. The S&P 500 closed at 2,857.70 for a loss of -0.75 points or -0.03%. The Nasdaq Composite closed at 7,888.33 for a gain of 4.66 points or 0.06%. The VIX Volatility Index was lower at 10.85 for a loss of -0.08 points or -0.73%.

Wednesday’s market movers

U.S. market indexes retreated on Wednesday as indexes approached record highs. The S&P 500 ended a four-day streak as the large-cap index saw resistance at record levels. Sectors leading losses for the day included consumer staples, energy and real estate.

The Nasdaq Composite finished higher on Wednesday with technology stocks gaining. McDonald’s (NYSE:MCD) and Pfizer (NYSE:PFE) were top contributors in the Dow Jones.

Economic reports affecting market trading included the following:

  • The Mortgage Bankers Association’s mortgage applications index was down -3% for the week.
  • The EIA Petroleum Status report showed oil inventory down -1.4 million barrels for the week.
  • The Treasury held an auction for 10-year notes at a rate of 2.960%.

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

Small-cap stocks

In small-caps, the Russell 2000 closed at 1,686.88 for a loss of -1.42 points or -0.08%. The S&P 600 closed at 1,062.22 for a loss of -0.74 points or -0.07%. The Dow Jones Small-Cap Growth TSM Index closed at 10,454.66 for a loss of -28.98 points or -0.28%. The Dow Jones Small-Cap Value TSM Index closed at 10,607.06 for a loss of -4.94 points or -0.05%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 2,009.97 for a loss of -5.18 points or -0.26%; the S&P 100 at 1,266.70 for a gain of 0.29 points or 0.02%; the Russell 3000 at 1,695.95 for a loss of -0.85 points or -0.05%; the Russell 1000 at 1,584.38 for a loss of -0.75 points or -0.05%; and the Dow Jones U.S. Select Dividend Index at 714.24 for a loss of -1.84 points or -0.26%.

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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