Today was a slow grind lower for the Dow Jones Industrial Average (DJI), with volume once again arriving well below the norm. A steep drop in Germany's business sentiment index set a downbeat tone out of the gate, and traders kept a cautious eye trained on the continuing conflicts in Ukraine and Iraq. Against this backdrop, the major equity indexes ended the day with minor losses.
Continue reading for more on today's market, including:
The Dow Jones Industrial Average (DJI - 16,560.54) couldn't quite find its footing above breakeven, ending the day on a drop of 9.4 points, or 0.06%. Sixteen of the Dow's 30 components closed in the red, led by a downgrade-induced decline of 0.8% for United Technologies Corporation (NYSE:UTX). On the flip side, Microsoft Corporation (NASDAQ:MSFT) and DuPont (NYSE:DD) paced the 14 gainers by adding 0.7% apiece.
The S&P 500 Index (SPX - 1,933.75) gave up 3.2 points, or 0.2%, while the Nasdaq Composite (COMP - 4,389.25) shed 12.1 points, or 0.3%.
The CBOE Volatility Index (VIX - 14.13) spent time on both sides of breakeven, but ultimately closed on a deficit of 0.1 point, or 0.7%. It was the VIX's second straight daily close beneath its 10-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
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