The Dow Jones Industrial Average closed at 25390.30 on Wednesday with a loss of -21.22 points or -0.08%. The S&P 500 closed at 2731.61 for a loss of -6.09 points or -0.22%. The Nasdaq Composite closed at 7,375.28 for a loss of -26.80 points or -0.36%. The VIX Volatility Index was lower at 15.38 for a loss of -0.19 points or -1.22%.
Wednesday’s market movers
U.S. market indexes closed with marginal losses after a five-day rally leading up to President Trump’s State of the Union address on Tuesday night. Strong corporate earnings reports and improved investor confidence from a reopened government helped to fuel the rally. Tuesday night’s State of the Union, however, headlined some of the big challenges that the country still faces, including a resolution on border wall funding and tariff negotiations with China.
Economic reports affecting market trading on Wednesday included the following:
The Mortgage Bankers Association’s Mortgage Applications Index decreased -2.5%. The Balance of Trade report showed a deficit of -$49.3 billion in November. The Treasury held an auction for 10-year notes at a rate of 2.689%.
In the Dow Jones Industrial Average, the following stocks led losses:
In small-caps, the Russell 2000 closed at 1,518.02 for a loss of -2.20 points or -0.14%. The S&P 600 closed at 944.32 for a loss of -1.57 points or -0.17%. The Dow Jones Small-Cap Growth TSM Index closed at 9,565.20 for a loss of -15.38 points or -0.16%. The Dow Jones Small-Cap Value TSM Index closed at 9,585.77 for a loss of -11.50 points or -0.12%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,862.75 for a loss of -2.85 points or -0.15%; the S&P 100 at 1,204.43 for a loss of -3.21 points or -0.27%; the Russell 3000 at