U.S. Markets closed

Nasdaq Keeps Momentum, Other Indexes Close Lower Tuesday

- By Julie Young

The Dow Jones Industrial Average closed at 24,370.24 on Tuesday with a loss of 53.02 points or -0.22%. The S&P 500 closed at 2,636.78 for a loss of 0.94 points or -0.04%. The Nasdaq Composite closed at 7,031.83 for a gain of 11.31 points or 0.16. The VIX Volatility Index was lower at 21.76 for a loss of 0.88 points or -3.89%.

Tuesday's market movers

Stocks closed mostly lower Tuesday with only the Nasdaq maintaining momentum for a two-day rally. Positive news from China trade negotiations helped the day's gainers as the country has reported it will lower its tariff on U.S. auto imports from 40% to 15%. Elsewhere, investors were still watching an inverting yield curve and the two-year Treasury reported its largest one-day increase in five weeks.

In the S&P 500, financials and industrials led losses while consumer staples and utilities led gains. On the Nasdaq, Tiziana Life Sciences ADR (TLSA) was the top gainer, up 14.24%.

Economic reports affecting market trading included the following:

  • The NFIB Business Optimism Index decreased to 104.8 in November from 107.4.
  • The Producer Price Index increased 0.1% in November and 2.5% annually.
  • The Treasury held an auction for three-year notes at a rate of 2.748%.

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

  • Travelers (TRV) -1.65%
  • Boeing (BA) -1.32%
  • Goldman Sachs (GS) -1.14%
  • DowDuPont (DWDP) -1.00%
  • JPMorgan (JPM) -0.98%

Small-cap stocks

In small caps, the Russell 2000 closed at 1,440.13 for a loss of 2.96 points or -0.21%. The S&P 600 closed at 897.59 for a loss of 1.32 points or -0.15%. The Dow Jones Small-Cap Growth TSM Index closed at 8,963.34 for a loss of 16.62 points or -0.19%. The Dow Jones Small-Cap Value TSM Index closed at 9,169.12 for a loss of 36.54 points or -0.40%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,763.45 for a loss of 6.08 points or -0.34%; the S&P 100 at 1,170.08 for a loss of 0.33 points or -0.03%; the Russell 3000 at 1,550.85 for a loss of 1.09 points or -0.07%; the Russell 1000 at 1,456.78 for a loss of 0.88 points or -0.06%; the Wilshire 5000 at 27,140.36 for a loss of 19.75 points or -0.07%; and the Dow Jones U.S. Select Dividend Index at 677.23 for a gain of 0.49 points or 0.07%.

This article first appeared on GuruFocus.