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Julie Young
Julie Young
Articles (1026) 

US Market Indexes Close Lower Thursday, Dow Ends Consecutive Gains

Dow Jones closes lower at 26,627.48 after 5-day gaining streak

The Dow Jones Industrial Average closed at 26,627.48 on Thursday with a loss of -200.91 points or -0.75%. The S&P 500 closed at 2,901.61 for a loss of -23.90 points or -0.82%. The Nasdaq Composite closed at 7,879.51 for a loss of -145.57 points or -1.81%. The VIX Volatility Index was higher at 14.15 for a gain of 2.54 points or 21.88%.

Thursday’s market movers

U.S. market indexes were lower across the board on Thursday with the Dow Jones ending a five-day gaining streak. A rally in Treasury yields caused substantial risk-off trading for investors as bonds drew assets from the equity market. The 10-year Treasury ended the day at approximately 3.18% and the three-month Treasury closed at approximately 2.21%. Equity market sectors leading losses for the day included technology, consumer discretionary and health care.

In single stock news Thursday:

  • Square (NYSE:SQ) announced Square Installments and closed at $94.49.
  • Overstock.com (NASDAQ:OSTK) announced an investment in wine-blockchain and gained 3.02%.
  • Investment Technology Group (NYSE:ITG) led gains on the New York Stock Exchange with an increase of 25.16% to $27.61 after announcement of a takeover by Virtu (NASDAQ:VIRT).

Economic reports affecting market trading included the following:

  • Jobless claims decreased to 207,000 from 214,000.
  • Factory orders increased 2.3% in August.

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

Small-cap stocks

In small-caps, the Russell 2000 closed at 1,646.91 for a loss of -24.38 points or -1.46%. The S&P 600 closed at 1,031.79 for a loss of -12.96 points or -1.24%. The Dow Jones Small-Cap Growth TSM Index closed at 10,307.96 for a loss of -164.69 points or -1.57%. The Dow Jones Small-Cap Value TSM closed at 10,201.56 for a loss of -76.31 points or -0.74%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,982.09 for a loss of -21.97 points or -1.10%; the S&P 100 at 1,291.53 for a loss of -11.27 points or -0.87%; the Russell 3000 at 1,713.39 for a loss of -15.94 points or -0.92%; the Russell 1000 at 1,605.13 for a loss of -14.22 points or -0.88%; the Wilshire 5000 at 30,005.70 for a loss of -289.21 for a loss of -0.95%; and the Dow Jones U.S. Select Dividend Index at 716.53 for a loss of -0.17 points or -0.02%.

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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