U.S. market indexes were higher on Friday. The Dow Jones Industrial Average closed at 24651.74 for a gain of 143.08 points or 0.58%. The S&P 500 closed at 2675.81 for a gain of 23.80 points or 0.90%. The Nasdaq Composite closed at 6936.58 for a gain of 80.06 points or 1.17%. The VIX Volatility Index was lower for the day at 9.42 for a loss of -1.07 points or -10.20%.
For the week, the S&P 500 gained 0.9%, the Dow Jones gained 1.3% and the Nasdaq Composite gained 1.4%.
Friday’s market movers
Stocks gained with a positive outlook for tax reform. All three leading indexes reported new closing highs. Technology led gains for the day with the S&P 500 technology sector gaining 1.14%.
Economic reports affecting market trading included the following:
- Industrial production increased 0.2% for the month.
- The Baker Hughes rig count increased to 1,168 from 1,150.
In the Dow Jones Industrial Average, the following stocks led gains:
Microsoft (MSFT, Financial) 2.55%
United Technologies (UTX, Financial) 1.95%
JPMorgan (JPM, Financial) 1.41%
American Express (AXP, Financial) 1.41%
Small-cap stocks
In small-caps, the Russell 2000 Index closed at 1530.42 for a gain of 23.47 points or 1.56%. The S&P 600 Index closed at 932.63 for a gain of 16.08 points or 1.75%. The Dow Jones Small-Cap Growth TSM Index closed at 9342.90 for a gain of 122.79 points or 1.33%. The Dow Jones Small-Cap Value TSM Index closed at 10208.57 for a gain of 146.90 points or 1.46%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1886.67 for a gain of 19.53 points or 1.05%; the S&P 100 Index at 1186.68 for a gain of 10.13 points or 0.86%; the Russell 3000 Index at 1582.08 for a gain of 14.82 points or 0.95%; the Russell 1000 Index at 1481.51 for a gain of 13.16 points or 0.90%; and the Dow Jones US Select Dividend Index at 706.38 for a gain of 6.01 points or 0.86%.
