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Julie Young
Julie Young
Articles (1237) 

US Indexes Close Lower Monday

China reports weak industrial output

September 16, 2019 | About:

The Dow Jones Industrial Average closed at 27,076.82 on Monday with a loss of 142.70 points or -0.52%. The S&P 500 closed at 2,997.96 for a loss of 9.43 points or -0.31%. The Nasdaq Composite closed at 8,153.54 for a loss of 23.17 points or -0.28%. The VIX Volatility Index was higher at 14.68 for a gain of 0.94 points or 6.84%.

Monday’s market movers

U.S. indexes closed lower Monday, ending a streak of gains for the Dow Jones. Investors were watching global growth after China reported its weakest industrial output in 17.5 years. Weekend attacks on Saudi Arabian oil production were also in focus. The attacks sent oil prices and energy stocks higher Monday. The S&P 500 energy sector gained 3.52% and oil prices reported there largest one-day gain in over 10 years.

There were no major reports on the economic calendar Monday. The Treasury held auctions for three-month bills at a rate of 1.945% and six-month bills at a rate of 1.87%. Demand for Treasuries in the secondary market was higher. The 30-year bond’s price increased 11/32 to a yield of 2.320%.

In the S&P 500, materials, consumer discretionary and consumer staples led losses. In the Dow Jones Industrial Average, the following stocks led losses:

Small-cap stocks

In small caps, the Russell 2000 closed at 1,584.60 for a gain of 6.46 points or 0.41%. The S&P 600 closed at 979.19 for a gain of 3.24 points or 0.33%. The Dow Jones U.S. Small-Cap Growth Index closed at 10,096.24 for a gain of 45.08 points or 0.45%. The Dow Jones U.S. Small-Cap Value Index closed at 9,603.59 for a loss of 10.06 points or -0.10%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,966.09 for a gain of 2.93 points or 0.15%; the S&P 100 at 1,324.30 for a loss of 6.67 points or -0.50%; the Nasdaq 100 at 7,852.41 for a loss of 40.54 points or -0.51%; the Russell 3000 at 1,760.70 for a loss of 3.20 points or -0.18%; the Russell 1000 at 1,657.75 for a loss of 3.71 points or -0.22%; the Wilshire 5000 at 30,708.23 for a loss of 60.57 points or -0.20%; and the Dow Jones U.S. Select Dividend Index at 729.72 for a loss of 1.19 points or -0.16%.

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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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