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US Market Indexes Lower With Losses Led by Energy Stocks

- By Julie Young

U.S. market indexes were lower Thursday. For the day, the Dow Jones Industrial Average closed at 20656.58 for a loss of -4.72 points or -0.02%. The S&P 500 closed at 2345.96 for a loss of -2.49 points or -0.11%. The Nasdaq Composite closed lower at 5817.69 for a loss of -3.95 points or -0.07%. The VIX Volatility Index was higher for the day at 13.07 for a gain of 0.26 points or 2.03%.

Thursday's market movers

The House of Representatives delayed its health care reform vote, which created further uncertainty over new Trump administration policies. Economic reports affecting market trading on Thursday included the following:

  • Jobless claims increased by 15,000 to 258,000.
  • New home sales increased to 592,000 SAAR.
  • Mortgage rates moved slightly lower. The 30-year fixed-rate mortgage average for the week decreased to 4.23% and the 15-year fixed-rate average decreased to 3.44%.

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

UnitedHealth (UNH) -1.04%

Travelers (TRV) -0.61%

Wal-Mart (WMT) -0.56%

Pfizer (PFE) -0.52%

Coca-Cola (KO) -0.50%

Chevron (CVX) -0.48%

Cisco (CSCO) -0.41%

Merck (MRK) -0.35%

In the broad market, energy and utilities stocks led losses. Technology was also lower with the S&P 500 technology sector down -0.26%.

Small-cap stocks

In small-caps, the Russell 2000 Index closed at 1353.43 for a gain of 7.83 points or 0.58%. The S&P 600 Small-Cap Index closed at 825.78 for a gain of 5.72 points or 0.70%. The Dow Jones Small-Cap Growth TSM Index closed at 8099.46 for a gain of 29.47 points or 0.37%. The Dow Jones Small-Cap Value TSM Index closed at 9455.75 for a gain of 49.66 points or 0.53%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1696.42 for a gain of 4.58 points or 0.27%; the S&P 100 Index at 1040.47 for a loss of -1.76 points or -0.17%; the Russell 3000 Index at 1388.80 for a loss of -0.41 points or -0.03%; the Russell 1000 Index at 1299.75 for a loss of -1.03 points or -0.08%; the Dow Jones U.S. Select Dividend Index at 649.77 for a loss of -0.08 points or -0.01%.

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This article first appeared on GuruFocus.