The Dow Jones Industrial Average closed at 25,952.48 on Tuesday with a loss of -12.34 points or -0.05%. The S&P 500 closed at 2,896.72 for a loss of -4.80 points or -0.17%. The Nasdaq Composite closed at 8,091.25 for a loss of -18.29 points or -0.23%. The VIX Volatility Index was higher at 13.16 for a gain of 0.30 points or 2.33%.
Tuesday’s market movers
U.S. market indexes closed lower on the first trading day of September. The U.S. and Canada continued their discussions over trade. Nike’s (NKE, Financial) stock led losses for the day after the company released a new ad campaign featuring Colin Kaepernick, an NFL football quarterback leading protests against racial injustice and police brutality during the national anthem. Amazon (AMZN, Financial) was a top market contributor for the day with the stock’s market capitalization trading over $1 million.
Economic reports affecting market trading included the following:
- Motor vehicle sales for August were reported. The consensus for total sales is expected to be between 16.7 million and 17.2 million.
- The Purchasing Managers' Manufacturing Index decreased to 54.7 from 55.3.
- The Institute for Supply Management’s Manufacturing Index increased to 61.3 from 58.1.
- Construction spending increased 0.1% for the month and 5.8% for the year.
- The Treasury held auctions for three-month, six-month and four-week bills at the following rates: three-month 2.095%, six-month 2.240%, four-week 1.970%.
In the Dow Jones Industrial Average, the following stocks led losses:
Small-cap stocks
In small-caps, the Russell 2000 closed at 1,733.38 for a loss of -7.38 points or -0.42%. The S&P 600 closed at 1,093.58 for a loss of -4.78 points or -0.44%. The Dow Jones Small-Cap Growth TSM Index closed at 10,868.82 for a loss of -17.54 points or -0.16%. The Dow Jones Small-Cap Value TSM Index closed at 10,685.71 for a loss of -50.07 points or -0.47%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 2,040.46 for a loss of -4.24 points or -0.21%; the S&P 100 at 1,284.03 for a loss of -2.87 points or -0.22%; the Russell 3000 at 1,723.23 for a loss of -2.86 points or -0.17%; the Russell 1000 at 1,608.38 for a loss of -2.32 points or -0.14%; the Wilshire 5000 at 30,226.71 for a loss of -47.82 points or -0.16%; and the Dow Jones U.S. Select Dividend Index at 719.79 for a gain of 0.46 points or 0.06%.
