U.S. market indexes were mostly higher on Wednesday with the Nasdaq Composite reaching a new high.
For the day, the Dow Jones Industrial Average closed at 20,054.34 for a loss of 35.95 points or 0.18%. The Standard & Poor's 500 closed at 2,294.67 for a gain of 1.59 points or 0.07%. The Nasdaq Composite closed at 5,682.45 for a gain of 8.24 points or 0.15%. The VIX Volatility Index was higher for the day at 11.45 for a gain of 0.16 points or 1.42%.
Wednesday’s market movers
Economic reports affecting market trading on Wednesday included the following:
- The Mortgage Bankers Association’s mortgage applications index increased by 2.3% for the week.
- The EIA Petroleum Status report showed an oil inventory increase of 13.8 million barrels.
In the Dow Jones Industrial Average, the following stocks led gains:
- Nike (NKE, Financial) 2.03%.
- Walmart (WMT, Financial) 1.38%.
- Home Depot (HD, Financial) 0.90%.
- 3M (MMM, Financial) 0.75%.
- Merck (MRK, Financial) 0.19%.
In the broad market, gains were led by utilities and real estate. Technology was also higher with the S&P 500 gaining 0.18%.
Small-cap stocks
In small-caps, the Russell 2000 Index closed at 1,358.74 for a loss of 2.32 points or 0.17%. The S&P 600 Small-Cap Index closed at 829.15 for a loss of 1.31 points or 0.16%. The Dow Jones Small-Cap Growth TSM Index closed at 8,089.03 for a loss of 0.92 points or 0.01%. The Dow Jones Small-Cap Value TSM Index closed at 9,653.82 for a loss of 9.64 points or 0.10%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,695.25 for a gain of 1.03 points or 0.06%; the S&P 100 Index at 1,012.46 for a loss of 0.44 points or 0.04%; the Russell 3000 Index at 1,364.12 for a gain of 0.82 points or 0.06%; the Russell 1000 Index at 1,274.35 for a gain of 1.01 points or 0.08%; and the Dow Jones U.S. Select Dividend Index at 641.82 for a gain of 0.78 points or 0.12%.
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