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Markets

US Market Indexes Lower Ahead of Earnings

U.S. market indexes were lower on Thursday. For the day, the Dow Jones Industrial Average closed at 19891.00 for a loss of -63.28 points or -0.32%. The S&P 500 closed at 2270.44 for a loss of -4.88 points or -0.21%. The Nasdaq Composite closed lower at 5547.49 for a loss of -16.16 points or -0.29%. The VIX Volatility Index closed at 11.54 points for a gain of 0.28 points or 2.49%.

Thursday's market movers

Economic reports affecting market trading on Thursday included the following:

  • Jobless claims increased by 10,000 to 247,000.
  • Prices on imports and exports were both higher for the month December. Import prices increased 0.4% for the month and 1.8% for the year. Export prices increased 0.3% for the month and 1.1% for the year.
  • Mortgage rates reported by Freddie Mac were lower for the week. The 30-year fixed-rate mortgage average decreased to 4.12% from 4.20%.

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

Disney ( DIS ) -1.75%

JPMorgan ( JPM ) -0.96%

Microsoft ( MSFT ) -0.92%

In the broad market, real estate led gains and the financial sector led losses. Technology stocks were lower with the S&P 500 technology sector down 0.24%.

Small-cap stocks

In small-caps, the Russell 2000 closed at 1361.07 for a loss of -12.23 points or -0.89%. The S&P 600 Index closed at 833.29 for a loss of -9.78 points or -1.16%. The Dow Jones Small-Cap Growth TSM Index closed at 8051.40 for a loss of -47.49 points or -0.59%. The Dow Jones Small-Cap Value TSM Index closed at 9681.52 for a loss of -89.59 points or -0.92%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1678.29 for a loss of -8.62 points or -0.51%; the S&P 100 Index at 1004.98 for a loss of -1.95 points or -0.19%; the Russell 3000 Index at 1350.30 for a loss of -3.74 points or -0.28 %; the Russell 1000 Index at 1260.18 for a loss of -2.82 points or -0.22%; and the Dow Jones U.S. Select Dividend Index at 635.22 for a loss of -2.24 points or -0.35%.

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This article first appeared on GuruFocus .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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