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U.S. market indexes were higher on Tuesday. For the day, the Dow Jones Industrial Average closed at 20937.91 for a gain of 43.08 points or 0.21%. The S&P 500 closed at 2398.42 for a gain of 4.40 points or 0.18%. The Nasdaq Composite closed at 6138.71 for a gain of 5.09 points or 0.08%. The VIX Volatility Index was lower for the day at 10.73 for a loss of -0.20 points or -1.83%.
Tuesday’s market movers
The White House released its budget proposal for 2018 and bank stocks led gains for the day. Economic reports released on Tuesday included the following:
- The PMI Composite Index increased to 53.9 from 52.7.
- New home sales were below estimates at 569,000 SAAR.
In the Dow Jones Industrial Average, the following stocks led gains:
Goldman Sachs (GS, Financial) 1.54%
Caterpillar (CAT, Financial) 1.35%
JPMorgan (JPM, Financial) 1.28%
In the broad market, financial stocks led gains. The S&P 500 financial sector gained 0.83% for the day. Technology was also higher with the S&P 500 technology sector gaining 0.11%.
Small-cap stocks
In small-caps, the Russell 2000 Index closed at 1380.86 for a gain of 3.72 points or 0.27%. The S&P 600 Small-Cap Index closed at 836.58 for a gain of 2.27 points or 0.27%. The Dow Jones Small-Cap Growth TSM Index closed at 8349.99 for a gain of 5.61 points or 0.07%. The Dow Jones Small-Cap Value TSM Index closed at 9444.24 for a gain of 35.02 points or 0.37%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1723.80 for a gain of 3.19 points or 0.19%; the S&P 100 Index at 1058.43 for a gain of 2.91 points or 0.28%; the Russell 3000 Index at 1419.97 for a gain of 2.44 points or 0.17%; the Russell 1000 Index at 1329.16 for a gain of 2.18 points or 0.16%; and the Dow Jones U.S. Select Dividend Index at 653.16 for a gain of 1.30 points or 0.20%.
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