U.S. Market Indexes Lower with Mixed Earnings Reports

Thu Oct 27 2016
Jim Andrews (507 articles)
U.S. Market Indexes Lower with Mixed Earnings Reports

U.S. market indexes were lower Thursday. For the day the Dow Jones Industrial Average closed at 18169.68 for a loss of -29.65 points or -0.16 percent. The S&P 500 closed at 2133.04 for a loss of -6.39 points or -0.30 percent. The Nasdaq Composite closed at 5215.97 for a loss of -34.29 points or -0.65 percent. The VIX Volatility Index was higher for the day at 15.36 for a gain of 1.12 points or 7.87 percent.

Thursday’s Market Movers

 Stocks were lower Thursday with mixed earnings reports for the day. On the economic calendar were the following reports:

  • Durable Goods Orders down 0.1 percent in September versus consensus of 0.1 percent
  • Jobless Claims declined by 3,000 to 258,000
  • Pending Home Sales Index up 1.5 percent in September

Stocks trading actively for the day included the following:

Bank of America

Ford

Chesapeake Energy

AT&T

CenturyLink

Qualcomm

Bristol-Myers Squibb

Apple

Microsoft

Wells Fargo

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

Boeing -1.53

Caterpillar -1.33

Chevron -1.26

Apple -0.96

Procter & Gamble -0.94

In the broad market real estate and consumer discretionary led losses.  Technology was also lower with S&P 500 technology stocks down -0.13 percent. Stocks leading losses in technology included the following:

Teradata -8.08

Fiserv -3.24

CSRA -2.73

NVIDIA -2.05

In commodities, gold traded higher as evidenced by the SPDR Gold Trust which reported a gain of 0.22 points or 0.18 percent. The dollar was higher for the day as the U.S. Dollar Index was up 0.29 points or 0.29 percent to 98.91.

Small-Cap Stocks

In small-caps, the Russell 2000 Index closed at 1189.95 for a loss of -14.80 points or -1.23 percent. The S&P 600 Small-Cap Index closed at 719.32 for a loss of -7.97 points or -1.10 percent. The Dow Jones Small-Cap Growth TSM Index closed at 7176.53 for a loss of -88.34 points or -1.22 percent. The Dow Jones Small-Cap Value TSM Index closed at 8488.54 for a loss of -88.05 points or -1.03 percent.

Other Notable Indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1501.05 for a loss of -13.81 points or -0.91 percent; the S&P 100 Index at 949.99 for a loss of -1.22 points or -0.13 percent; the Russell 3000 Index at 1258.03 for a loss of -5.26 points or -0.42 percent; the Russell 1000 Index at 1180.22 for a loss of -4.16 points or -0.35 percent; and the Dow Jones U.S. Select Dividend Index at 596.69 for a loss of -4.17 points or -0.69 percent.

 

Jim Andrews

Jim Andrews

Jim Andrews is Desk Correspondent for Global Stock, Currencies, Commodities & Bonds Market . He has been reporting about Global Markets for last 5+ years. He is based in New York