U.S. stocks closed lower as investors await Federal Reserve Chair Janet Yellen's speech on Friday regarding the direction of monetary policy. In economic news, home sales declined 3.2% in July as tight inventory continued to weigh on the market, pushing prices higher. In market news, the Securities and Exchange Commission has charged 71 municipal bond issuers, for using offering documents that misled investors. U.S. bond prices closed lower.
The best-performing sector was: Utilities
While the worst-performing sector was: Healthcare
The Dow Jones Industrial Average* was down 65.82 at 18,481.48
The Standard & Poor's 500 Index was down 11.46 at 2,175.44
The NASDAQ Composite Index was down 42.38 at 5,217.70
Volume on the New York Stock Exchange was moderate, with 756.27 million shares traded. Decliners outnumbered advancers by roughly a 3 - to - 1 margin.
The spot price of gold fell $13.27 to $1,324.30
The spot price of silver fell $0.27 to $18.55
And crude oil prices fell $1.30 to $46.80
The 30-year Treasury yield closed at 2.25%
And the 10-year Treasury yield finished at 1.56%
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.
Get instant quotes for your favorite companies and mutual funds.
It can be scary when stocks decline. And even normal market volatility can be uncomfortable, especiallywith large day-to-day stock market moves.
In this brief Edward Jones Perspective video, two families reflect on how they started the conversation about the future—and how communicating with each other NOW could help ease stress during emotional times down the road.