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Julie Young
Julie Young
Articles (1025) 

US Market Indexes Continue Losses, S&P 500 Down -2.06% Thursday

Energy, financial and real estate lead losses

October 11, 2018 | About:

The Dow Jones Industrial Average closed at 25,052.83 on Thursday with a loss of -545.91 points or -2.13%. The S&P 500 closed at 2,728.37 for a loss of -57.31 points or -2.06%. The Nasdaq Composite closed at 7,329.06 for a loss of -92.99 points or -1.25%. The VIX Volatility Index was higher at 24.98 for a gain of 2.02 points or 8.80%.

Thursday’s market movers

A selloff continued in U.S. equities Thursday. Treasury yields were mostly stable albeit at higher levels. The 10-year Treasury closed at 3.14% and the one year at 2.73%. Investors were also watching bank stocks and the financial sector outlook, with the big banks reporting third-quarter earnings Friday and Monday. Sectors leading losses for the day included energy, financial and real estate.

Economic reports affecting market trading included the following:

  • The Consumer Price Index was up 0.1% in September and 2.2% annually.
  • Jobless claims were reported at 214,000, down from 270,000.
  • The Treasury held a 30-year bond auction at a rate of 3.344%.

In the Dow Jones Industrial Average, all 30 stocks closed lower. Stocks leading losses included the following:

Small-cap stocks

In small-caps, the Russell 2000 closed at 1,545.38 for a loss of -30.03 points or -1.91%. The S&P 600 closed at 967.23 for a loss of -20.56 points or -2.08%. The Dow Jones Small-Cap Growth TSM Index closed at 9,630.31 for a loss of -174.59 points or -1.78%. The Dow Jones Small-Cap Value TSM Index closed at 9,717.74 for a loss of -246.61 points or -2.47%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,866.73 for a loss of -38.70 points or -2.03%; the S&P 100 at 1,214.29 for a loss of -25.54 points or -2.06%; the Russell 3000 at 1,609.70 for a loss of -33.07 points or -2.01%; the Russell 1000 at 1,508.14 for a loss of -31.12 points or -2.02%; the Wilshire 5000 at 28,198.47 for a loss of -569.01 points or -1.98%; and the Dow Jones U.S. Select Dividend Index at 687.95 for a loss of -16.09 points or -2.29%.

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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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