U.S. large-cap indexes were mostly lower on Monday while technology stocks gained and the Nasdaq reached a new high. For the day, the Dow Jones Industrial Average closed at 21513.17 for a loss of -66.90 points or -0.31%. The S&P 500 closed at 2469.91 for a loss of -2.63 points or -0.11%. The Nasdaq Composite closed at 6410.81 for a gain of 23.05 points or 0.36%. The VIX Volatility Index was higher for the day at 9.42 for a gain of 0.06 points or 0.64%.
Monday’s market movers
Large-cap stocks were mostly affected by second-quarter earnings reports. In the Dow Jones, Apple (AAPL, Financial) led gains for the day with an increase of 1.20%. Economic reports affecting market trading included the following:
- The Composite Purchasing Managers' Index increased to 54.2 from 53 and was above consensus of 53.2.
- Existing Home Sales decreased -1.8% to a seasonally adjusted annual rate of 5.52 million.
In the Dow Jones Industrial Average, the following stocks led losses for the day:
General Electric (GE, Financial) -1.87%
Johnson & Johnson (JNJ, Financial) -1.69%
Home Depot (HD, Financial) -1.33%
McDonald's (MCD, Financial) -1.30%
In the broad market, financial and technology stocks led gains. The S&P 500 financial sector gained 0.40% and the S&P 500 technology sector gained 0.24%.
Small-cap stocks
In small-caps, the Russell 2000 Index closed at 1438.06 for a gain of 2.22 points or 0.15%. The S&P 600 Small-Cap Index closed at 868.33 for a gain of 0.08 points or 0.01%. The Dow Jones Small-Cap Growth TSM Index closed at 8733.22 for a gain of 27.98 points or 0.32%. The Dow Jones Small-Cap Value TSM Index closed at 9688.15 for a gain of 6.01 points or 0.06%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1776.80 for a gain of 2.88 points or 0.16%; the S&P 100 Index at 1086.82 for a loss of -0.92 points or -0.08%; the Russell 3000 Index at 1463.99 for a loss of -0.70 points or -0.05%; the Russell 1000 Index at 1369.24 for a loss of -0.89 points or -0.06%; and the Dow Jones U.S. Select Dividend Index at 663.74 for a loss of -2.86 points or -0.43%.
