U.S. Markets closed

US Stocks Lower With 1st Quarter Earnings Uncertainty

- By Julie Young

U.S. market indexes were lower on Tuesday.

For the day, the Dow Jones Industrial Average closed at 20,651.30 for a loss of 6.72 points or 0.03%. The Standard & Poor's 500 closed at 2,353.78 for a loss of 3.38 points or 0.14%. The Nasdaq Composite closed at 5,866.77 for a loss of 14.15 points or 0.24%.

The VIX Volatility Index reached a new high for the day indicating increased risk and uncertainty in equities. The VIX Volatility Index ended at 15.14 with a gain of 1.09 points or 7.76%.

Tuesday's market movers

Global political risks and first quarter earnings uncertainty were factors affecting market trading on Tuesday. The NFIB Small Business Optimism Index was the leading economic report affecting market trading for the day. It decreased to 104.7 from 105.3.

In the Dow Jones Industrial Average the following stocks led losses for the day:

  • DuPont (DD) -1.08%.
  • Apple (AAPL) -1.08%.
  • Goldman Sachs (GS) -0.50%.
  • Chevron (CVX) -0.42%.
  • IBM (IBM) -0.36%.
  • ExxonMobil (XOM) -0.35%.

In the broad market, technology stocks led losses for the day. The S&P 500 technology sector was down 0.38%.

Small-cap stocks

In small-caps, the Russell 2000 Index closed at 1,376.95 for a gain of 9.86 points or 0.72%. The S&P 600 Small-Cap Index closed at 836.79 for a gain of 6.89 points or 0.83%. The Dow Jones Small-Cap Growth TSM Index closed at 8,249.11 for a gain of 35.80 points or 0.44%. The Dow Jones Small-Cap Value TSM Index closed at 9,641.58 for a gain of 73.01 points or 0.76%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,719.85 for a gain of 9.48 points or 0.55%; the S&P 100 Index at 1,040.38 for a loss of 2.34 points or 0.22%; the Russell 3000 Index at 1,396.50 for a loss of 0.54 points or 0.04%; the Russell 1000 Index at 1,305.71 for a loss of 1.32 points or 0.10%; and the Dow Jones U.S. Select Dividend Index at 655.09 for a gain of 2.08 points or 0.32%.

This article first appeared on GuruFocus.