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US Market Indexes Lower, Tech Stocks Report a Gain

- By Julie Young

U.S. market indexes were lower on Wednesday. The Dow Jones Industrial Average closed at 2,4140.91 for a loss of -39.73 points or -0.16%. The S&P 500 Index closed at 2629.27 for a loss of -0.30 points or -0.01%. The Nasdaq Composite closed at 6776.38 for a gain of 14.16 points or 0.21%. The VIX Volatility Index was lower at 11.02 for a loss of -0.31 points or -2.74%.


Wednesday"s market movers

The Nasdaq Composite reported gains Wednesday with tech stocks surging. Other indexes were mostly lower and energy stocks led losses.

Economic reports affecting market trading included the following:

  • The Mortgage Bankers Association"s mortgage applications index increased 4.7% for the week.
  • The ADP Employment Report was released Wednesday providing details on the private labor market. Private market payrolls increased by 190,000.
  • Productivity and costs reported a third quarter seasonally adjusted annual rate of growth of 3%.
  • The EIA Petroleum Status Report showed an increase of -5.6 million barrels of oil per day.



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

Gains (%)

Microsoft (MSFT) 1.46

Visa (NYSE:V) 1.07

Johnson & Johnson (JNJ) 1.00

Boeing (BA) 0.99

United Technologies (UTX) 0.76

Losses (%)

Merck (MRK) -2.55

Walt Disney (DIS) -1.64

Nike (NKE) -1.16

Home Depot (HD) -1.12

International Business Machines (IBM) -0.80

In the broad market, the S&P 500 energy sector was down -1.30%. The S&P 500 technology sector gained 0.64%.

Small-Cap Stocks

In small-caps, the Russell 2000 Index closed at 1508.88 for a loss of -7.88 points or -0.52%. The S&P 600 Index closed at 923.34 for a loss of -4.74 points or -0.51%. The Dow Jones Small-Cap Growth TSM Index closed at 9186.22 for a loss of -43.90 points or -0.48%. The Dow Jones Small-Cap Value TSM Index closed at 10168.15 for a loss of -60.60 points or -0.59%.

Other Notable Indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1871.10 for a loss of -8.03 points or -0.43%; the S&P 100 Index at 1162.51 for a loss of -0.13 points or -0.01%; the Russell 3000 Index at 1555.51 for a loss of -1.29 points or -0.08%; the Russell 1000 Index at 1456.31 for a loss of -0.69 points or -0.05%; the Dow Jones US Select Dividend Index at 699.10 for a loss of -0.31 points or -0.04%.

This article first appeared on GuruFocus.