U.S. Markets closed

US Market Indexes Lower With Increased Geopolitical Risks

- By Julie Young

U.S. market indexes were lower Wednesday. For the day, the Dow Jones Industrial Average closed at 20591.86 for a loss of -59.44 points or -0.29%. The S&P 500 closed at 2344.93 for a loss of -8.85 points or -0.38%. The Nasdaq Composite closed at 5836.16 for a loss of -30.61 points or -0.52%. The VIX Volatility Index continued to gain with an end of day value of 15.56, increasing 3.25%.


Wednesday's market movers

Stocks traded lower Wednesday with losses from geopolitical risks and bank earnings uncertainty. On Thursday, Citigroup (NYSE:C), JPMorgan Chase (JPM), PNC (PNC) and Wells Fargo (WFC) will report earnings.

Economic reports released on Wednesday included the following:

  • The Mortgage Bankers Association's mortgage applications index increased by 1.5%.
  • Import prices reported a -0.2% increase for the year. Export prices reported a 3.6% increase.
  • The EIA Petroleum Status report showed a decrease in oil inventory of -2.2 million barrels for the week. Oil prices were lower with WTI crude oil at $52.90 per barrel and Brent crude oil at $55.68 per barrel.



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

Caterpillar (CAT) -2.33%

Boeing (BA) -1.34%

Home Depot (HD) -1.17%

In the broad market, industrial stocks led losses. Technology was also lower with the S&P 500 technology sector down -0.34%.

Small-cap stocks

In small-caps, the Russell 2000 Index closed at 1359.20 for a loss of -17.75 points or -1.29%. The S&P 600 Small-Cap Index closed at 825.23 for a loss of -11.56 points or -1.38%. The Dow Jones Small-Cap Growth TSM Index closed at 8154.17 for a loss of -94.94 points or -1.15%. The Dow Jones Small-Cap Value TSM Index closed at 9518.08 for a loss of -123.50 points or -1.28%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1699.90 for a loss of -19.95 points or -1.16%; the S&P 100 Index at 1037.83 for a loss of -2.55 points or -0.25%; the Russell 3000 Index at 1389.69 for a loss of -6.81 points or -0.49%; the Russell 1000 Index at 1300.21 for a loss of -5.50 points or -0.42%; and the Dow Jones US Select Dividend Index at 653.44 for a loss of -1.65 points or -0.25%.

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This article first appeared on GuruFocus.