Stock Market News For Mar 1, 2019
Zacks Investment Research | Feb 28, 2019 09:30PM ET
U.S. stocks closed lower on Thursday following abrupt break-down of the summit meeting between President Donald Trump and his North Korean counterpart Kim Jong Un. Better-than expected fourth quarter 2018 U.S. GDP data also failed to boost investors’ sentiments. All three major stock indexes ended in the red. However, each of these three indexes preformed impressively for February as a whole.
The Dow Jones Industrial Average (DJI) closed at 25,916, declining 0.3%. The S&P 500 Index (INX) also decreased 0.3% to close at 2,784.49. Meanwhile, the Nasdaq Composite Index (IXIC) closed at 7,532.53, shedding 0.3%. A total of 8.22 billion shares were traded on Thursday, higher than the last 20-session average of 7.34 billion shares. Decliners outnumbered advancers on the NYSE by 1.30-to-1 ratio. On the Nasdaq, decliners had an edge over advancers by 1.41-to-1 ratio. The CBOE VIX increased 0.5% to close at 14.78.
How Did the Benchmarks Perform?
The Dow ended in negative territory for the third successive day. Notably, 16 stocks of the 30-stocks blue-chip index finished in the red while fourteen ended in the green. UnitedHealth Group Inc. (NYSE:UNH) was major loser with a loss of 3.1%. UnitedHealth Group carries a Zacks Rank #2 (Buy). You can see Original post
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