A dreary finish to the first quarter carried over into today's trading, with the Dow Jones Industrial Average (DJIA) kicking the second quarter off with a significant loss. Stoking the day's risk-off attitude was a round of disappointing economic data, which included updates on jobs, manufacturing, and car sales. Elsewhere, the S&P 500 Index (SPX) slumped today -- but could be on the mend tomorrow -- while the Nasdaq Composite's (COMP) tumble was contained by its 50-day moving average.
Continue reading for more on today's market, including:
The Dow Jones Industrial Average (DJIA - 17,698.18) spent almost the entire day in the red, eventually closing down 77.9 points, or 0.4%. Twenty-two of the Dow's 30 components closed lower, led by Wal-Mart Stores, Inc.'s (NYSE:WMT) 1.9% drop. Goldman Sachs Group Inc (NYSE:GS) paced the eight advancers with its 2.3% gain.
It was a similar set-up for the S&P 500 Index (SPX - 2,059.69), which closed down 8.2 points, or 0.4%. The Nasdaq Composite (COMP - 4,880.23), meanwhile, ended with a 20.7-point, or 0.4%, loss.
The CBOE Volatility Index (VIX - 15.11) popped higher at the open, but by the time the dust settled, the market's "fear gauge" was off 0.2 point, or 1.2%, and back below its 40-day moving average.
5 Items on Our Radar Today:
For a look at today's options movers and commodities activity, head to page 2.
The Case for Big Moves in IWM and QQQ
Featured Partners: AOL DailyFinance
© 2015 Schaeffer's Investment Research, Inc. 5151 Pfeiffer Road, Suite 250, Cincinnati, Ohio 45242
Phone: (800) 448-2080 FAX: (513) 589-3810 Int'l Callers: (513) 589-3800 Email: firstname.lastname@example.org
All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.
Market Data provided by QuoteMedia.com | Data delayed 15-20 minutes unless otherwise indicated.