U.S. market indexes were higher on Tuesday. For the day, the Dow Jones Industrial Average closed at 20996.12 for a gain of 232.23 points or 1.12%. The S&P 500 closed at 2388.61 for a gain of 14.46 points or 0.61%. The Nasdaq Composite closed at a new high of 6025.49 with a gain of 41.67 points or 0.70%. Stocks traded with low price volatility for the day with the VIX Volatility Index reporting a decrease of -0.08 points or -0.74% to 10.76.
Tuesday’s market movers
Stocks gained with positive earnings and a positive outlook for President Donald Trump’s corporate tax plans. Economic reports affecting trading for the day included the following:
- The FHFA House Price Index increased 0.8% for the month.
- The S&P Corelogic Case-Shiller Home Price Index reported a seasonally adjusted monthly increase of 0.7% and a non-seasonally adjusted monthly increase of 0.4%.
- New home sales increased to 621,000 SAAR.
- The Conference Board’s Consumer Confidence Index decreased to 120.3.
In the Dow Jones Industrial Average, the following stocks led gains:
Caterpillar (CAT, Financial) 7.86%
McDonald's (MCD, Financial) 5.57%
Goldman Sachs (GS, Financial) 1.53%
JPMorgan (JPM, Financial) 0.87%
In the broad market, materials stocks led gains. Technology was also higher with the S&P 500 technology sector up 0.52%.
Small-cap stocks
In small-caps, the Russell 2000 Index closed at 1411.08 for a gain of 13.13 points or 0.94%. The S&P 600 Small-Cap Index closed at 857.21 for a gain of 7.31 points or 0.86%. The Dow Jones Small-Cap Growth TSM Index closed at 8428.81 for a gain of 74.96 points or 0.90%. The Dow Jones Small-Cap Value TSM Index closed at 9818.75 for a gain of 79.14 points or 0.81%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1747.84 for a gain of 10.49 points or 0.60%; the S&P 100 Index at 1055.40 for a gain of 6.87 points or 0.66%; the Russell 3000 Index at 1418.40 for a gain of 8.94 points or 0.63%; the Russell 1000 Index at 1325.20 for a gain of 8.02 points or 0.61%; and the Dow Jones U.S. Select Dividend Index at 663.80 for a gain of 4.33 points or 0.66%.
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