The Dow Jones Industrial Average closed at 25,967.33 on Wednesday with a gain of 2.24 points or 0.01%. The S&P 500 closed at 2,879.42 for a loss of 4.63 points or -0.16%. The Nasdaq Composite closed at 7,943.32 for a loss of 20.44 points or -0.26%. The VIX Volatility Index was higher at 19.78 for a gain of 0.46 points or 2.38%.
Wednesday’s market movers
U.S. stocks showed some gains on Wednesday, but ultimately ended mostly lower for a third day. The U.S. and China are planning to continue their trade talks this week in Washington, D.C. on Thursday before the U.S. has threatened to impose new tariffs on Friday.
After the closing bell, investors will also be watching earnings from Disney (DIS, Financial). Analysts estimate Disney’s earnings per share at $1.59.
Economic reports affecting market trading included the following:
- The MBA Mortgage Applications Index increased 2.7% and the MBA’s 30-year mortgage rate average decreased to 4.41%.
- Crude oil inventories decreased to 1,114.3 million barrels from 1,119.2 million barrels.
- The Treasury held an auction for 10-year notes at a rate of 2.479%.
In the Dow Jones Industrial Average, the following stocks led gains and losses:
- Walgreens Boots Alliance (WBA, Financial) 1.40%
- Disney (DIS, Financial) 1.38%
- Intel (INTC, Financial) -1.76%
- Caterpillar (CAT, Financial) -0.89%
Small-cap stocks
In small caps, the Russell 2000 closed at 1,576.97 for a loss of 5.34 points or -0.34%. The S&P 600 closed at 963.76 for a loss of 7.26 points or -0.75%. The Dow Jones Small-Cap Growth TSM Index closed at 10,005.49 for a loss of 40.27 points or -0.40%. The Dow Jones Small-Cap Value TSM Index closed at 9,688.46 for a loss of 69.31 points or -0.71%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,934.99 for a loss of 3.63 points or -0.19%; the S&P 100 at 1,278.50 for a loss of 0.26 points or -0.02%; the Russell 3000 at 1,700.73 for a loss of 1.09 points or -0.06%; the Russell 1000 at 1,597.82 for a loss of 0.58 points or -0.04%; the Wilshire 5000 at 29,781.01 for a loss of 56.11 points or -0.19%; and the Dow Jones U.S. Select Dividend Index at 704.77 for a loss of 4.86 points or -0.68%.
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