U.S. market indexes were mostly lower Thursday.
For the day, the Dow Jones Industrial Average closed at 21,796.55 for a gain of 85.54 points or 0.39%. The Standard & Poor's 500 closed at 2,475.42 for a loss of 2.41 points or 0.10%. The Nasdaq Composite closed at 6,382.19 for a loss of 40.56 points or 0.63%. The VIX Volatility Index was higher for the day at 10.01 for a gain of 0.41 points or 4.27%.
Thursday’s market movers
Tech stocks kept valuations mostly lower on Thursday. Economic reports affecting market trading included the following:
- Mortgage rates were lower for the week. The Freddie Mac Primary Mortgage Market Survey reported the 30-year fixed-rate mortgage average at 3.92%, decreasing from 3.96%, and the 15-year fixed-rate mortgage average was 3.20%, decreasing from 3.23%.
- Durable goods orders increased 6.5% for the month.
- International trade in goods reported a deficit of $63.9 billion.
- Jobless claims increased by 10,000 to 244,000.
- Retail inventories increased 0.6% for the month.
- Wholesale inventories increased 0.6% for the month.
- The Chicago Fed National Activity Index increased to 0.13 from -0.30.
In the Dow Jones Industrial Average, the following stocks led gains and losses:
Gains
- Verizon (VZ, Financial) 7.68%.
- Boeing (BA, Financial) 3.23%.
- Merck (MRK, Financial) 3.06%.
- Disney (DIS, Financial) 2.86%.
Losses
- Apple (AAPL, Financial) -1.89%.
- American Express (AXP, Financial) -1.70%.
- Visa (V, Financial) -1.27%.
- Microsoft (MSFT, Financial) -1.20%.
In the broad market, energy stocks led gains, and health care stocks led losses. Technology stocks were lower with the S&P 500 technology sector decreasing 0.38%.
Small-cap stocks
In small-caps, the Russell 2000 Index closed at 1,433.62 for a loss of 8.66 points or 0.60%. The S&P 600 Small-Cap Index closed at 866.69 for a loss of 3.54 points or 0.41%. The Dow Jones Small-Cap Growth TSM Index closed at 8,674.33 for a loss of 76.69 points or 0.88%. The Dow Jones Small-Cap Value TSM Index closed at 9,715.25 for a loss of 14.57 points or 0.15%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,771.02 for a loss of 5.67 points or 0.32%; the S&P 100 Index at 1,092.25 for a gain of 0.78 points or 0.07%; the Russell 3000 Index at 1,465.88 for a loss of 2.67 points or 0.18%; the Russell 1000 Index at 1,371.50 for a loss of 2.03 points or -0.15%; and the Dow Jones U.S. Select Dividend Index at 666.15 for a gain of 1.79 points or 0.27%.
