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Julie Young
Julie Young
Articles (1177) 

US Market Indexes Close Lower Tuesday

Dow Jones down 0.93%

May 28, 2019 | About:

The Dow Jones Industrial Average closed at 25,347.77 on Tuesday with a loss of 237.92 points or -0.93%. The S&P 500 closed at 2,802.39 for a loss of 23.67 points or -0.84%. The Nasdaq Composite closed at 7,607.35 for a loss of 29.66 points or -0.39%. The VIX Volatility Index was higher at 17.64 for a gain of 1.79 points or 11.29%.

Tuesday’s market movers

Stocks closed lower Tuesday after the three-day holiday weekend. International relations continued to be a key factor for investors. Following a visit to Japan, President Trump commented that the U.S. is not yet ready for a deal with China. Over the weekend, a federal judge also stopped the Trump administration’s border wall plans.

Economic reports affecting market trading included the following:

  • The S&P/Case-Shiller Home Price Index increased 0.7% in March and 2.7% year over year.
  • The FHFA House Price Index increased 0.1% in March.
  • The Conference Board’s Consumer Confidence Index increased to 134.1 from 129.2.
  • The Treasury held auctions for two-year notes at a rate of 2.125%, six-month bills at a rate of 2.32%, three-month bills at a rate of 2.310% and five-year notes at a rate of 2.065%.

In the Dow Jones Industrial Average, the following stocks led losses:

Small-cap stocks

In small caps, the Russell 2000 closed at 1,506.48 for a loss of 7.63 points or -0.50%. The S&P 600 closed at 911.79 for a loss of 5.75 points or -0.63%. The Dow Jones Small-Cap Growth Total Stock Market Index closed at 9,572.71 for a loss of 57.39 points or -0.60%. The Dow Jones Small-Cap Value Total Stock Market Index closed at 9,255.47 for a loss of 104.90 points or -1.12%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,843.86 for a loss of 18.97 points or -1.02%; the S&P 100 at 1,240.92 for a loss of 9.75 points or -0.78%; the Russell 3000 at 1,649.61 for a loss of 13.75 points or -0.83%; the Russell 1000 at 1,551.68 for a loss of 13.10 points or -0.84%; the Wilshire 5000 at 28,785.18 for a loss of 237.73 points or -0.82%; and the Dow Jones U.S. Select Dividend Index at 680.39 for a loss of 10.49 points or -1.52%.

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About the author:

Julie Young
Julie Young is a financial writer with comprehensive experience in the financial services industry. She writes about investments, investment products, financial market news and economic trends. Julie has a Master of Science in finance from Boston College and a Bachelor of Science in finance from the University of Arkansas.

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