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%.
Warning! GuruFocus has detected 6 Warning Sign with PG. Click here to check it out.
The intrinsic value of PG
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.
Warning! GuruFocus has detected 6 Warning Sign with PG. Click here to check it out.
The intrinsic value of PG