Yahoo Finance US Market Indexes Lower as Investors Analyze Earnings Reports
- By Julie Young
U.S. market indexes were lower Tuesday.
For the day, the Dow Jones Industrial Average closed at 20,523.28 for a loss of 113.64 points or 0.55%. The Standard & Poor's 500 closed at 2,342.19 for a loss of 6.82 points or 0.29%. The Nasdaq Composite closed at 5,849.47 for a loss of 7.32 points or 0.12%. The VIX Volatility Index was lower at 14.42 for a loss of 0.24 points or 1.64%.
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The intrinsic value of DIS
Tuesday's market movers
Disappointing earnings from companies including Disney (DIS), Macy's (NYSE:M) and Staples (SPLS) led to market losses. Bank of America (BAC) and Goldman Sachs (GS) also reported earnings Tuesday along with IBM (IBM). Bank of America reported a loss of 0.50% for the day, and Goldman Sachs was down 4.72%. IBM reported earnings after the closing bell, missing revenue estimates and beating earnings estimates by 3 cents.
Economic reports released on Tuesday included the following:
Housing starts decreased to 1.215 million SAAR.
Industrial production increased 0.5% for the month.
In the Dow Jones Industrial Average, the following stocks led losses:
Goldman Sachs -4.72%.
Johnson & Johnson (JNJ) -3.10%.
American Express (AXP) -1.15%.
Travelers (TRV) -0.96%.
Merck (MRK) -0.84%.
JPMorgan (JPM) -0.82%.
In the broad market, losses were led by health care stocks. Technology stocks were also lower for the day with the S&P 500 technology sector down -0.02%.
Small-cap stocks
In small-caps, the Russell 2000 Index closed at 1,361.89 for a gain of 0.71 points or 0.05%. The S&P 600 Small-Cap Index closed at 826.19 for a gain of 0.95 points or 0.12%. The Dow Jones Small-Cap Growth TSM Index closed at 8,163.15 for a loss of 3.95 points or 0.05%. The Dow Jones Small-Cap Value TSM Index closed at 9,532.52 for a gain of 6.37 points or 0.07%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,700.83 for a gain of 0.17 points or 0.01%; the S&P 100 Index at 1,036.52 for a loss of 2.62 points or 0.25%; the Russell 3000 Index at 1,388.79 for a loss of 3.37 points or 0.24%; the Russell 1000 Index at 1,299.09 for a loss of 3.47 points or 0.27%; and the Dow Jones U.S. Select Dividend Index at 652.36 for a loss of 0.28 points or 0.04%.
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This article first appeared on GuruFocus.
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The intrinsic value of DIS
