The Dow Jones Industrial Average closed at 22859.60 on Thursday with a loss of -464.06 points or -1.99%. The S&P 500 closed at 2467.42 for a loss of -39.54 points or -1.58%. The Nasdaq Composite closed at 6528.41 for a loss of -108.42 points or -1.63%. The VIX Volatility Index was higher at 28.38 for a gain of 2.80 points or 10.95%.
Thursday’s market movers
Fears over a potential partial government shutdown were a main concern on Thursday. President Trump has threatened not to sign a Senate appropriations bill averting shutdown unless Congress agrees to $5 billion in extra funds for the U.S. southern border wall.
The leading U.S. market indexes ended with correction territory returns as noted below:
- Nasdaq (as of August 2018): -17.8%
- S&P 500 (as of September 2018): -14.6%
- DJIA (as of January 2018): -12.8%
Economic reports affecting market trading included the following:
- Jobless claims increased to 214,000 from 206,000.
- The Conference Board’s Leading Economic Indicators Index increased 0.2% in November.
- The Treasury held an auction for four-week bills at a rate of 2.360%.
In the Dow Jones Industrial Average, the following stocks led losses:
- Walgreens Boots Alliance (WBA, Financial) -5.02%
- United Technologies (UTX, Financial) -3.67%
- Walmart (WMT, Financial) -3.61%
- UnitedHealth (UNH, Financial) -3.14%
- McDonald's (MCD, Financial) -3.06%
Small-cap stocks
In small caps, the Russell 2000 closed at 1326.00 for a loss of -23.23 points or -1.72%. The S&P 600 closed at 828.10 for a loss of -12.36 points or -1.47%. The Dow Jones Small-Cap Growth TSM Index closed at 8235.47 for a loss of -161.60 points or -1.92%. The Dow Jones Small-Cap Value TSM Index closed at 8514.68 for a loss of -97.57 points or -1.13%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1644.33 for a loss of -21.39 points or -1.28%; the S&P 100 at 1096.36 for a loss of -17.19 points or -1.54%; the Russell 3000 at 1448.56 for a loss of -23.62 points or -1.60%; the Russell 1000 at 1362.18 for a loss of -22.09 points or -1.60%; the Wilshire 5000 at 25333.39 for a loss of -419.21 points or -1.63%; and the Dow Jones US Select Dividend Index at 638.75 for a loss of -6.18 points or -0.96%.
