U.S. Market Indexes Lower with Continued Focus on Election
Fri Nov 04 2016
Jim Andrews (456 articles)

U.S. Market Indexes Lower with Continued Focus on Election

U.S. market indexes were lower Friday. For the day the Dow Jones Industrial Average closed at 17888.28 for a loss of -42.39 points or -0.24 percent. The S&P 500 closed at 2085.18 for a loss of -3.48 points or -0.17 percent. The Nasdaq Composite closed lower at 5046.37 for a loss of -12.04 points or -0.24 percent. The VIX Volatility Index was higher at 22.97 for a gain of 0.89 points or 4.03 percent.

Friday’s Market Movers

Stocks were lower Friday despite a positive jobs report as investors focused on the election. Hillary Clinton’s lead over Donald Trump has now fallen from 7 percent 2 percent. Economic reports affecting the market on Friday included the following:

  • Jobs report showed an increase of 161,000 jobs and the unemployment rate decreased to 4.9 percent
  • International trade showed a decrease in the trade deficit with a trade balance of $-36.4 billion
  • The Baker Hughes Rig Count increased to 723 from 710

Stocks trading actively for the day included the following:

Bank of America

Chesapeake Energy

Frontier Communications



General Electric


Wells Fargo

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

Procter & Gamble -1.71

Walt Disney -1.02

JPMorgan -0.97

Travelers -0.92

Apple -0.86

In the broad market, consumer staples and financial stocks led losses. Technology was also lower with the S&P 500 technology sector down -0.23 percent. Stocks leading losses in technology included the following:

Qorvo -9.93

Symantec -7.7

NetApp -6.15

First Solar -5.88

Activision Blizzard -3.81

Xerox -2.14

In commodities, Gold traded higher as evidenced by the SPDR Gold Trust which reported a gain of 0.09 points or 0.07 percent. The dollar was lower for the day as the U.S. Dollar Index was down -0.19 points or -0.20 percent to 96.95.

Small-Cap Stocks

In small-caps, the Russell 2000 Index closed at 1163.95 for a gain of 7.06 points or 0.61 percent. The S&P 600 Small-Cap Index closed at 707.16 for a gain of 3.52 points or 0.50 percent. The Dow Jones Small-Cap Growth TSM Index closed at 7008.95 for a gain of 29.75 points or 0.43 percent. The Dow Jones Small-Cap Value TSM Index closed at 8328.54 for a gain of 29.36 points or 0.35 percent.

Other Notable Indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1478.90 for a gain of 2.22 points or 0.15 percent; the S&P 100 Index at 923.93 for a loss of -2.70 points or -0.29 percent; the Russell 3000 Index at 1230.81 for a loss of -0.81 points or -0.07 percent; the Russell 1000 Index at 1154.83 for a loss of -1.25 points or -0.11 percent; the Dow Jones U.S. Select Dividend Index at 585.72 for a loss of -1.63 points or -0.28 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


Rules of Discussion on Live Index

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.