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Julie Young
Julie Young
Articles (1221) 

US Indexes Close Flat Tuesday

Nasdaq down 0.04%

The Dow Jones Industrial Average closed at 26,909.43 on Tuesday with a gain of 73.92 points or 0.28%. The S&P 500 closed at 2,979.39 for a gain of 0.96 points or 0.03%. The Nasdaq Composite closed at 8,084.16 for a loss of 3.28 points or -0.04%. The VIX Volatility Index was lower at 15.23 for a loss of 0.040 points or -0.26%.

Tuesday’s market movers

U.S. stock investors showed greater uncertainty over the European Central Bank and Federal Reserve’s next moves on economic stimulus in September. The ECB will meet on Thursday and Federal Reserve officials entered a quiet period on Sept. 7 leading up to their Sept. 17 meeting.

Tech stocks also continued losses as states take steps to probe both Facebook (NASDAQ:FB) and Google (NASDAQ:GOOG)(NASDAQ:GOOGL), adding additional pressure from the ongoing federal investigations. The Nasdaq 100 was down 0.23% and the FAANGs reported the following:

Apple gained for the day, hosting its fall event where it revealed three new iPhone models.

Economic reports affecting market trading included the following:

  • The NFIB Small Business Optimism Index decreased to 103.1 in August from 104.7.
  • The Job Openings and Labor Turnover Survey showed job openings in July at 7.217 million.
  • The Treasury held auctions for 52-week bills at a rate of 1.740% and three-year notes at a rate of 1.573%. .

In the S&P 500, real estate, consumer staples and technology led losses, while energy and materials led gains. In the Dow Jones Industrial Average, the following stocks led losses:

Small-cap stocks

In small caps, the Russell 2000 closed at 1,542.99 for a gain of 18.76 points or 1.23%. The S&P 600 closed at 954.91 for a gain of 11.52 points or 1.22%. The Dow Jones U.S. Small-Cap Growth Index closed at 9,886.79 for a gain of 67.32 points or 0.69%. The Dow Jones U.S. Small-Cap Value Index closed at 9,481.54 for a gain of 122.45 points or 1.31%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,937.80 for a gain of 11.34 points or 0.59%; the S&P 100 at 1,317.44 for a gain of 0.66 points or 0.050%; the Nasdaq 100 at 7,814.74 for a loss of 17.66 points or -0.23%; the Russell 3000 at 1,746.26 for a gain of 1.88 points or 0.11%; the Russell 1000 at 1,646.30 for a gain of 0.50 points or 0.030%; the Wilshire 5000 at 30,468.30 for a gain of 37.90 points or 0.12%; and the Dow Jones U.S. Select Dividend Index at 724.09 for a gain of 7.44 points or 1.04%.

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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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