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US Market Indexes Lower Wednesday

- By Julie Young

U.S. market indexes were lower on Wednesday.

For the day, the Dow Jones Industrial Average closed at 20,855.73 for a loss of 69.03 points or -0.33%. The Standard & Poor's 500 closed at 2,362.98 for a loss of 5.41 points or 0.23%. The Nasdaq Composite closed at 5,837.55 for a gain of 3.62 points or 0.06%. The VIX Volatility Index was higher for the day at 11.86 for a gain of 0.41 points or 3.58%.

Wednesday's market movers

Lower oil prices and energy stocks were the primary drivers for Wednesday's losses. Economic reports affecting market trading included the following:

  • The Mortgage Bankers Association's mortgage applications index showed mortgage applications increasing 3.3% for the week.
  • The private sector ADP employment report showed an increase of 298,000 jobs.
  • The Productivity and Costs report showed a quarterly increase of 1.3%.
  • Wholesale trade inventories decreased by -0.2% for the month.
  • The EIA Petroleum Status report showed oil inventories increasing by 8.2 million barrels for the week.

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

  • Caterpillar (CAT) -2.81%.
  • Chevron (CVX) -1.97%.
  • ExxonMobil (XOM) -1.81%.

Small-cap stocks

In small-caps, the Russell 2000 Index closed at 1,366.04 for a loss of 8.84 points or 0.64%. The S&P 600 Small-Cap Index closed at 831.70 for a loss of 5.56 points or 0.66%. The Dow Jones Small-Cap Growth TSM Index closed at 8,180.84 for a loss of 25.76 points or 0.31%. The Dow Jones Small-Cap Value TSM Index closed at 9,569.08 for a loss of 107.59 points or 1.11%.

Other Notable Indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,710.24 for a loss of 8.29 points or 0.48%; the S&P 100 Index at 1,050.22 for a loss of 1.70 points or 0.16%; the Russell 3000 Index at 1,399.34 for a loss of 3.91 points or 0.28%; the Russell 1000 Index at 1,309.44 for a loss of 3.26 points or 0.25%; and the Dow Jones U.S. Select Dividend Index at 650.44 for a loss of 6.36 points or 0.97%.

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This article first appeared on GuruFocus.