The Dow Jones Industrial Average closed at 25,887.38 on Tuesday with a loss of 26.72 points or -0.10%. The S&P 500 closed at 2,832.57 for a loss of 0.37 points or -0.01%. The Nasdaq Composite closed at 7,723.95 for a gain of 9.47 points or 0.12%. The VIX Volatility Index was higher at 13.56 for a gain of 0.46 points or 3.51%.
Tuesday’s market movers
U.S. stocks closed mostly lower Tuesday, with the Nasdaq reporting a small gain of 0.12%. Lower risk appetite detracted from the day’s valuations as investors watched China trade headlines and looked to the Federal Reserve’s March meeting, which ends Wednesday. The U.S. and China will resume trade negotiations next week, with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin flying to Beijing to meet with Chinese Vice Premier Liu He. Representatives are hoping for a trade agreement by the end of April. On Wednesday, investors will be closely watching the Fed for its interest rate decision, new economic projections and balance sheet management.
In Treasuries Tuesday, yields decreased on the short end of the curve and increased on the longer end with the 30-year bond reporting a yield of 3.026%. The U.S. Dollar Index was down 0.10% to 96.42. Gold prices gained with the April gold futures price up 0.38% to $1,306.40.
Factory orders was the only major report on the economic calendar Tuesday. Factory orders increased 0.1% in January.
In the Dow Jones Industrial Average, the following stocks led losses:
- Disney (DIS, Financial) -2.49%
- Travelers (TRV, Financial) -1.49%
- Verizon (VZ, Financial) -0.98%
- Apple (AAPL, Financial) -0.79%
- American Express (AXP, Financial) -0.78%
Small-cap stocks
In small caps, the Russell 2000 closed at 1,554.99 for a loss of 8.95 points or -0.57%. The S&P 600 closed at 947.56 for a loss of 7.41 points or -0.78%. The Dow Jones Small-Cap Growth TSM Index closed at 9,861.52 for a loss of 46.23 points or -0.47%. The Dow Jones Small-Cap Value TSM Index closed at 9,494.16 for a loss of 105.42 points or -1.10%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,899.15 for a loss of 9.86 points or -0.52%; the S&P 100 at 1,252.57 for a gain of 0.49 points or 0.04%; the Russell 3000 at 1,671.18 for a loss of 1.40 points or -0.08%; the Russell 1000 at 1,569.52 for a loss of 0.72 points or -0.05%; the Wilshire 5000 at 29,300.52 for a loss of 22.19 points or -0.08%; and the Dow Jones U.S. Select Dividend Index at 702.58 for a loss of -5.19 points or -0.73%.
