The Dow Jones Industrial Average closed at 27502.81 on Tuesday with a loss of 280.23 points (or a change of -1.01%). The S&P 500 closed at 3093.20 for a loss of 20.67 points (or a change of -0.66%). The Nasdaq Composite closed at 8520.64 for a loss of 47.34 points (or a change of -0.55%). The VIX Volatility Index was higher at 15.89 for a gain of 0.98 points, or 6.57%.
Tuesday’s market movers
U.S. indexes closed lower Tuesday with new proposed tariffs for France and potential delays in China trade negotiations. The Trump administration said it may impose a 100% tax on $2.4 billion of French imports in retaliation against new digital-services taxes. President Trump also said Tuesday that there was no timeline for a China trade deal, further commenting that negotiations could extend beyond the 2020 election.
On Tuesday, the House Impeachment Committee released its full impeachment investigation report, which alleges that the President pursued an investigation via Ukraine of rival Joe Biden for his own personal and political interests. House Republicans released a report Tuesday defending the president.
There were no major reports on the economic calendar. The Treasury held an auction for 52-week bills at a rate of 1.525%.
In the S&P 500, the energy and financial sectors led losses. In the Dow Jones Industrial Average, the following stocks led losses:
In small caps, the Russell 2000 closed at 1602.63 for a loss of 4.95 points (or a change of -0.31%). The S&P 600 closed at 977.51 for a loss of 4.06 points (or a change of -0.41%). The Dow Jones U.S. Small-Cap Growth Index closed at 10246.80 for a loss of 23.98 points (or a change of -0.23%). The Dow Jones U.S. Small-Cap Value Index closed at 9566.90 for a loss of 76.61