U.S. market indexes reached new highs on Thursday. For the day, the Dow Jones Industrial Average closed at 20172.40 for a gain of 118.06 points or 0.59%. The S&P 500 closed at 2307.87 for a gain of 13.20 points or 0.58%. The Nasdaq Composite closed at 5715.18 for a gain of 32.73 points or 0.58%. The VIX Volatility Index was lower for the day at 10.90 for a loss of -0.55 points or -4.80%.
Thursday’s market movers
Stocks reacted favorably to President Donald Trump’s comments regarding his plans for taxes. Federal Reserve officials James Bullard and Charles Evans both gave speeches on Thursday. Jobless claims was the main economic report with 12,000 fewer claims for the week.
In the Dow Jones Industrial Average, the following stocks led gains:
Wal-Mart (WMT, Financial) 1.87%
Goldman Sachs (GS, Financial) 1.61%
JPMorgan (JPM, Financial) 1.44%
Microsoft (MSFT, Financial) 1.14%
In the broad market, financial stocks led gains. Technology stocks were also higher with the S&P 500 technology sector up 0.31%.
Small-cap stocks
In small-caps, the Russell 2000 Index closed at 1378.53 for a gain of 19.79 points or 1.46%. The S&P 600 Small-Cap Index closed at 842.77 for a gain of 13.62 points or 1.64%. The Dow Jones Small-Cap Growth TSM Index closed at 8209.45 for a gain of 120.42 points or 1.49%. The Dow Jones Small-Cap Value TSM Index closed at 9740.36 for a gain of 86.54 points or 0.90%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1711.42 for a gain of 16.17 points or 0.95%; the S&P 100 Index at 1017.54 for a gain of 5.08 points or 0.50%; the Russell 3000 Index at 1373.25 for a gain of 9.13 points or 0.67%; the Russell 1000 Index at 1282.04 for a gain of 7.68 points or 0.60%; and the Dow Jones U.S. Select Dividend Index at 643.25 for a gain of 1.43 points or 0.22%.
Start a free 7-day trial of Premium Membership to GuruFocus.