The Dow Jones Industrial Average closed at 24,465.64 on Tuesday with a loss of 551.80 points or -2.21%. The S&P 500 closed at 2,641.89 for a loss of 48.84 points or -1.82%. The Nasdaq Composite closed at 6,908.82 for a loss of 119.65 points or -1.70%. The VIX Volatility Index was higher at 22.65 for a gain of 2.55 points or 12.69%.
Tuesday’s market movers
Oil prices extended into bear market territory Tuesday with futures prices dropping 7% and energy stocks leading losses. Technology stocks also continued to deflate with the Nasdaq down 1.70% and bitcoin falling below $4,300.
Economic reports included the following:
- October building permits decreased 0.6% in October to 1.263 million.
- Housing starts increased 1.5% in October to 1.228 million.
- The Treasury held auctions for 4-week bills at a rate of 2.200%.
In the Dow Jones Industrial Average, the following stocks led losses:
- Apple (AAPL, Financial) -5.20%
- Goldman Sachs (GS, Financial) -3.32%
- Microsoft (MSFT, Financial) -3.28%
Small-cap stocks
In small caps, the Russell 2000 closed at 1,470.56 for a loss of 25.98 points or -1.74%. The S&P 600 closed at 928.32 for a loss of 17.42 points or -1.84%. The Dow Jones Small-Cap Growth TSM Index closed at 9,106.72 for a loss of 169.25 points or -1.82%. The Dow Jones Small-Cap Value TSM Index closed at 9,463.22 for a loss of 159.73 points or -1.66%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,809.35 for a loss of 29.65 points or -1.61%; the S&P 100 at 1,170.74 for a loss of 22.75 points or -1.91%; the Russell 3000 at 1,555.92 for a loss of 27.69 points or -1.75%; the Russell 1000 at 1,459.60 for a loss of 25.94 points or -1.75%; the Wilshire 5000 at 27,202.21 for a loss of 500.04 points or -1.81%; and the Dow Jones U.S. Select Dividend Index at 680.99 for a loss of 12.44 points or -1.79%.
