Major US stock indices closed marginally lower in what was an up-and-down trading session. Indices opened higher but then moved into negative territory ahead of the FOMC rate decision tomorrow. Intraday all-time highs were made in the S&P and NASDAQ indices (at 6626.99 and 22397.50 respectively).
The NASDAQ 100 snapped a day 9-day win streak with a modest -0.08% loss. The NASDAQ composite index also fell modestly after rising 8 of the last 9 trading days.
The final numbers are showing:
- Dow industrial average -0.27%
- S&P index -0.13%
- NASDAQ index -0.07%
- Russell 2000-0.09%
Looking at the S&P components. Energy was the strongest, while utilities were the weakest. Looking at the 11 components, 5 were higher while 6 declined:
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Energy +1.74%
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Consumer Discretionary +0.82%
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Consumer Staples +0.24%
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Telecom Services +0.27%
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Health Care +0.03%
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Industrials -0.27%
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Technology -0.20%
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Materials -0.50%
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Financials -0.57%
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Real Estate -0.68%
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Utilities -1.81%
This article was written by Greg Michalowski at investinglive.com.