U.S. Markets closed

US Market Indexes Unchanged on Wednesday With Tax Proposal Announcement

- By Julie Young

U.S. market indexes were mostly unchanged on Wednesday. For the day, the Dow Jones Industrial Average closed at 20975.09 for a loss of -21.03 points or -0.10%. The S&P 500 closed at 2387.45 for a loss of -1.16 points or -0.05%. The Nasdaq Composite closed at 6025.23 for a loss of -0.27 points or -0.01%. The VIX Volatility Index was slightly higher for the day at 10.85 for a gain of 0.09 points or 0.84%.

Wednesday's market movers

President Donald Trump released the administration's tax reform principles on Wednesday. Economic reports affecting market trading included the following:

  • The Mortgage Bankers Association's mortgage applications index increased 2.7% for the week.
  • The EIA Petroleum Status report showed a decrease of -3.6 million barrels in oil inventory for the week.

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

Procter & Gamble (PG) -2.51%

Boeing (BA) -0.98%

DuPont (DD) -0.73%

General Electric (GE) -0.65%

In the broad market, real estate led losses. Technology stocks in the S&P 500 were lower with the S&P 500 technology sector down -0.11%.

Small-cap stocks

In small-caps, the Russell 2000 Index closed at 1419.43 for a gain of 8.35 points or 0.59%. The S&P 600 Small-Cap Index closed at 863.08 for a gain of 5.87 points or 0.68%. The Dow Jones Small-Cap Growth TSM Index closed at 8456.42 for a gain of 27.61 points or 0.33%. The Dow Jones Small-Cap Value TSM Index closed at 9859.18 for a gain of 40.43 points or 0.41%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1748.36 for a gain of 0.52 points or 0.03%; the S&P 100 Index at 1054.40 for a loss of -1.00 points or -0.09%; the Russell 3000 Index at 1418.68 for a gain of 0.28 points or 0.02%; the Russell 1000 Index at 1324.83 for a loss of -0.37 points or -0.03%; and the Dow Jones U.S. Select Dividend Index at 660.91 for a loss of -2.89 points or -0.44%.

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This article first appeared on GuruFocus.