U.S. Markets closed

US Market Indexes Lower as Investors Await President's Speech

- By Julie Young

U.S. market indexes were lower on Tuesday.

For the day, the Dow Jones Industrial Average closed at 20,812.24 for a loss of 25.20 points or 0.12%. The Standard & Poor's 500 closed at 2,363.64 for a loss of 6.11 points or 0.26%. The Nasdaq Composite closed at 5,825.44 for a loss of 36.46 points or 0.62%. The VIX Volatility Index was higher for the day at 12.84 for a gain of 0.75 points or 6.20%.

Tuesday's market movers

Stocks were mostly lower Tuesday as investors await President Donald Trump's first speech before Congress Tuesday evening. Economic reports affecting trading on Tuesday included the following:

  • Gross domestic product (GDP) reported a 1.9% seasonally adjusted annual growth rate which was unchanged from the previous quarter.
  • International trade reported a deficit of -$69.2 billion which was an increase from the previous report of -$64.4 billion.
  • The S&P Corelogic Case-Shiller Home Price Index increased 0.9% in December.
  • The Conference Board's Consumer Confidence Index increased to 114.8.

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

  • Walmart (WMT) -1.17%.
  • Nike (NKE) -0.94%.
  • DuPont (DD) -0.87%.
  • Intel (INTC) -0.86%.

In the broad market, consumer discretionary stocks led losses. Technology was also lower with the S&P 500 technology sector down 0.48%.

Small-cap stocks

In small-caps, the Russell 2000 closed at 1,386.85 for a loss of 21.12 points or 1.50%. The S&P 600 Small-Cap Index closed at 846.49 for a loss of 13.29 points or 1.55%. The Dow Jones Small-Cap Growth TSM Index closed at 8262.18 for a loss of 129.71 points or 1.55%. The Dow Jones Small-Cap Value TSM I,ndex closed at 9,795.87 for a loss of 112.37 points or 1.13%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,729.35 for a loss of 18.86 points or 1.08%; the S&P 100 Index at 1,046.55 for a loss of 1.79 points or 0.17%; the Russell 3000 Index at 1,402.83 for a loss of 5.75 points or 0.41%; the Russell 1000 Index at 1,311.34 for a loss of 4.15 points or 0.32%; and the Dow Jones U.S. Select Dividend Index at 658.61 for a loss of 0.01 points or 0.01%.

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This article first appeared on GuruFocus.