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US Market Indexes Lower With Losses Led by Chevron

- By Julie Young

U.S. market indexes were lower on Tuesday.

For the day, the Dow Jones Industrial Average closed at 20,837.37 for a loss of 44.11 points or 0.21%. The Standard & Poor's 500 closed at 2,365.45 for a loss of 8.02 points or 0.34%. The Nasdaq Composite closed at 5,856.82 for a loss of 18.97 points or 0.32%. The VIX Volatility Index was higher at 12.23 for a gain of 0.88 points or 7.75%.

Tuesday's market movers

Economic reports affecting market trading on Tuesday included the following:

  • The Federal Reserve's Federal Open Market Committee began its two-day March policy meeting.
  • The NFIB Small Business Optimism Index decreased to 105.3 from 105.9.
  • The Producer Price Index increased 0.3% for the month and 2.2% for the year.

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

  • Chevron (CVX) -1.85%.
  • General Electric (GE) -1.11%.
  • DuPont (DD) -0.98%.
  • Caterpillar (CAT) -0.90%.
  • UnitedHealth (UNH) -0.68%.
  • Visa (NYSE:V) -0.64%.
  • 3M (MMM) -0.58%.
  • ExxonMobil (XOM) -0.52%.
  • Microsoft (MSFT) -0.49%.

In the broad market, energy stocks led losses with oil prices lower for the day. Technology stocks were also lower with the S&P 500 technology sector down -0.23%.

Small-cap stocks

In small-caps, the Russell 2000 Index closed at 1,362.41 for a loss of 7.88 points or 0.58%. The S&P 600 Small-Cap Index closed at 829.58 for a loss of 3.86 points or 0.46%. The Dow Jones Small-Cap Growth TSM Index closed at 8,153.53 for a loss of 54.14 points or 0.66%. The Dow Jones Small-Cap Value TSM Index closed at 9,536.76 for a loss of 35.67 points or 0.37%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,707.12 for a loss of 6.68 points or 0.39%; the S&P 100 Index at 1,051.43 for a loss of 2.79 points or 0.26%; the Russell 3000 Index at 1,400.09 for a loss of 5.06 points or 0.36%; the Russell 1000 Index at 1,310.48 for a loss of 4.50 points or 0.34%; and the Dow Jones U.S. Select Dividend Index at 650.63 for a loss of 2.70 points or 0.41%.

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This article first appeared on GuruFocus.