Daily Market Recap - 3:30 pm CST

March 23, 2017

U.S. Stocks

U.S. stocks edged lower on what was a volatile trading day as investors digested the health care vote being delayed until tomorrow morning. In economic news, oil prices moved to the downside for the third time in four sessions as oversupply concerns continue to weigh on the market. In other economic news, the number of Americans who applied for unemployment benefits last week jumped by 15,000 to 258,000 and matched a two-month high. In housing news, sales of newly constructed homes roared to a seven-month high as firm demand for housing outweighed lean supply and slightly higher mortgage rates. In bond market news, U.S. bond prices closed slightly lower.

S&P 500

The best-performing sector was: Basic Materials

While the worst-performing sector was: Healthcare

Overall market indices

The Dow Jones Industrial Average* was down 4.72 at 20,656.58

The Standard & Poor's 500 Index was down 2.49 at 2,345.96

The NASDAQ Composite Index was down 3.95 at 5,817.69

NYSE

Volume on the New York Stock Exchange was moderate, with 805.26 million shares traded. Advancers outnumbered decliners by roughly a 2 - to - 1 margin.

Commodity markets

The spot price of gold fell $1.91 to $1,246.63
The spot price of silver rose $0.05 to $17.59
And crude oil prices fell $0.35 to $47.69

Bond markets

The 30-year Treasury yield closed at 3.03%. And the 10-year Treasury yield finished at 2.41%.

See our Weekly Market Update.

Important Information:

The Dow Jones Indexes are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones Indexes © 2015 is proprietary to Dow Jones & Company, Inc.

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