The Dow Jones Industrial Average closed at 26,150.58 on Tuesday with a loss of 190.44 points or -0.72%. The S&P 500 closed at 2,878.20 for a loss of 17.57 points or -0.61%. The Nasdaq Composite closed at 7,909.28 for a loss of 44.61 points or -0.56%. The VIX Volatility Index was higher at 14.28 for a gain of 1.10 points or 8.35%.
Tuesday’s market movers
U.S. market indexes closed lower Tuesday after new threats of European tariffs made headlines. The Office of the U.S. Trade Representative has reported plans to tax $11 billion in European goods, including helicopters, bicycles, cheese and wine. The trade plans are counter to European subsidies for Airbus (XPAR:AIR).
In currencies, the U.S. Dollar Index was lower at 97.02, falling 0.05%. The dollar gained 0.02% against the pound and 0.08% to the euro. The dollar was down 0.07% to the yuan.
Economic reports affecting market trading included the following:
- The NFIB Business Optimism Index increased to 101.8 in March from 101.7.
- The Treasury held an auction for three-year notes at a rate of 2.301%.
In the Dow Jones Industrial Average, the following stocks led losses:
- Caterpillar (CAT, Financial) -2.40%
- Home Depot (HD, Financial) -1.36%
- Boeing (BA, Financial) -1.33%
- 3M (MMM, Financial) -1.31%
- Exxon Mobil (XOM, Financial) -1.14%
Small-cap stocks
In small caps, the Russell 2000 closed at 1,559.68 for a loss of 19.32 points or -1.22%. The S&P 600 closed at 952.93 for a loss of 11.92 points or -1.24%. The Dow Jones Small-Cap Growth TSM Index closed at 9,904.27 for a loss of 112.91 points or -1.13%. The Dow Jones Small-Cap Value TSM Index closed at 9,584.39 for a loss of 129.58 points or -1.33%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,927.04 for a loss of 22.32 points or -1.14%; the S&P 100 at 1,270.67 for a loss of 6.90 points or -0.54%; the Russell 3000 at 1,696.15 for a loss of 11.51 points or -0.67%; the Russell 1000 at 1,594.42 for a loss of 10.14 points or -0.63%; the Wilshire 5000 at 29,710.98 for a loss of 197.92 points or -0.66%; and the Dow Jones U.S. Select Dividend Index at 709.98 for a loss of 6.66 points or -0.93%.
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