U.S. Markets closed

US Indexes Close Lower Thursday

The Dow Jones Industrial Average closed at 27,766.29 on Thursday with a loss of 54.80 points or -0.20%. The S&P 500 closed at 3,103.54 for a loss of 4.92 points or -0.16%. The Nasdaq Composite closed at 8,506.21 for a loss of 20.52 points or -0.24%. The VIX Volatility Index was higher at 13.13 for a gain of 0.35 points or 2.74%.

Thursday's market movers

U.S. indexes ended lower Thursday with more China trade concerns and several retail earnings reports. Thursday's news said China's negotiator Liu He has invited U.S. officials to Beijing for more discussions and is optimistic that a deal will be reached.

In the retail sector, the following companies released results:

  • BJ's Wholesale Club (BJ): Revenue of $3.23 billion increased 0.3% year over year and missed estimates by $70 million. GAAP earnings of 40 cents per shaer was in line with estimates. Non-GAAP earnings of 41 cents per share beat estimates by 1 cent.
  • Macy's (M): Revenue of $5.17 billion decreased 4.3% year over year and missed estimates by $140 million. GAAP earnings per share of 1 cent missed estimates by 3 cents. Non-GAAP earnings of 7 cents per share beat estimates by 8 cents.
  • Nordstrom (JWN): Revenue of $3.67 billion decreased 2.1% year over year and beat estimates by $10 million. Third-quarter GAAP earnings of 81 cents per share beat estimates by 16 cents.
  • Gap (GPS): Revenue of $4 billion decreased 2.2% year over year and beat estimates by $40 million. GAAP earnings of 37 cents per share missed estimates by 14 cents. Non-GAAP earnings per share of 53 cents beat estimates by 2 cents.

In other news, Charles Schwab (SCHW) and TD Ameritrade (AMTD) are reportedly discussing a merger.

Economic reports affecting market trading included the following:

  • Jobless claims were unchanged at 227,000.
  • Existing home sales increased 1.9% in October to a seasonally adjusted annual rate of 5.46 million.
  • The Conference Board's Leading Economic Indicators Index decreased 0.1% in October following a decrease of 0.2%.
  • The Treasury held auctions for four-week bills at a rate of 1.55%, eight-week bills at a rate of 1.54% and 10-Year TIPS at a rate of 0.149%.
  • Mortgage rates were lower according to Freddie Mac's weekly mortgage market survey. The 30-year fixed-rate mortgage averaged 3.66%, down from 3.75%. The 15-year fixed-rate mortgage averaged 3.15%, down from 3.20%.

In the S&P 500, real estate, consumer discretionary and technology led losses. In the S&P 100, the following stocks led losses and gains:

  • Kraft Heinz (NASDAQ:KHC) -2.73%
  • Exelon (NASDAQ:EXC) -2.14%
  • General Motors (NYSE:GM) -1.73%
  • Procter & Gamble (NYSE:PG) -1.59%
  • Halliburton (NYSE:HAL) +2.92%
  • Exxon Mobil (NYSE:XOM) +2.41%
  • Netflix (NASDAQ:NFLX) +2.14%
  • Pfizer (NYSE:PFE) +1.86%

Small-cap stocks

In small caps, the Russell 2000 closed at 1,583.96 for a loss of 7.65 points or -0.48%. The S&P 600 closed at 969.46 for a loss of 4.57 points or -0.47%. The Dow Jones U.S. Small-Cap Growth Index closed at 10,131.22 for a loss of 56.04 points or -0.55%. The Dow Jones U.S. Small-Cap Value Index closed at 9,564.19 for a loss of 36.30 points or -0.38%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,980.44 for a loss of 13.73 points or -0.69%; the S&P 100 at 1,381.29 for a loss of 0.72 points or -0.052%; the Nasdaq 100 at 8,265.62 for a loss of 18.13 points or -0.22%; the Russell 3000 at 1,817.88 for a loss of 3.87 points or -0.21%; the Russell 1000 at 1,715.50 for a loss of 3.33 points or -0.19%; the Wilshire 5000 at 31,701.02 for a loss of 63.10 points or -0.20%; and the Dow Jones U.S. Select Dividend Index at 733.13 for a loss of 0.22 points or -0.030%.

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This article first appeared on GuruFocus.