Market update June 9, 2016

Benchmarks closed in the red for a second consecutive session on Tuesday, as investors remained cautious on geopolitical uncertainties. Investors remained focused on geopolitical issues emanating from the upcoming public testimony of former Federal Bureau of Investigation Director James Comey and the U.K. election, all scheduled to be held on Thursday. Meanwhile, investors kept a close watch on rift in diplomatic ties between Qatar and other Persian Gulf countries and European Central Bank's meeting.

For a look at the issues currently facing the markets, make sure to read today's Ahead of Wall Street article.

The Dow Jones Industrial Average (DJI) declined 0.2% to close at 21,136.23. The S&P 500 fell 0.3% to close at 2,429.33. The tech-laden Nasdaq Composite Index declined 0.3% to close at 6,275.06. A total of around 6.4 billion shares were traded on Tuesday, lower than the last 20-session average of 6.6 billion shares. The fear-gauge CBOE Volatility Index (VIX) traded near 10.5. Decliners outnumbered advancing stocks on the NYSE by a 1.19 to 1 ratio.

Read more: http://www.nasdaq.com/article/stock-market-news-for-june-07-2017-cm800042#ixzz4jWkL0xkG