Uninspiring remarks from China's finance minister -- as well as a dreary reading on existing home sales -- pressured the Dow Jones Industrial Average (DJI) to a triple-digit loss. However, despite the blue-chip barometer shedding roughly 0.6%, it was small-caps that took the worst hit today -- with the Russell 2000 Index (RUT) plunging nearly 1.5%. Elsewhere, the broader S&P 500 Index (SPX) surrendered its perch atop the highly watched 2,000 mark, while the tech-heavy Nasdaq Composite (COMP) gave back more than 1%.
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The Dow Jones Industrial Average (DJI - 17,172.68) spent the entire session in the red, and was down more than 120 points at its intraday low. By the close, though, the DJI had pared these losses to 107.1 points, or 0.6%. Twenty-five of the index's 30 components finished in the red, led by United Technologies Corporation's (NYSE:UTX) 1.8% drop. E I Du Pont De Nemours And Co (NYSE:DD), The Coca-Cola Company (NYSE:KO), and The Procter & Gamble Company (NYSE:PG) paced the five advancers, each logging a 0.4% gain.
The S&P 500 Index (SPX - 1,994.29) bottomed out at 1,991.01, before settling the session with a loss of 16.1 points, or 0.8% -- its worst daily percentage drop since Aug. 5. Elsewhere, the Nasdaq Composite (COMP - 4,527.69) surrendered 52.1 points, or 1.1%.
The CBOE Volatility Index (VIX - 13.69) tacked on 1.6 points, or 13.1%, and finished north of its 50-day moving average for the first time since last Monday.
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
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