1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Julie Young
Julie Young
Articles (1454) 

US Indexes End With Gains Monday

Nasdaq gains 1.23%

The Dow Jones Industrial Average closed at 23,749.76 on Monday with a gain of 26.07 points or 0.11%. The S&P 500 closed at 2,842.74 for a gain of 12.03 points or 0.42%. The Nasdaq Composite closed at 8,710.71 for a gain of 105.77 points or 1.23%. The VIX Volatility Index was lower at 35.93 for a loss of 1.26 points or -3.39%.

Mondays market movers

The major U.S. indexes ended higher Monday with gains capped by new U.S. and China tariff tensions. President Trump has threatened to impose new tariffs and other penalties for Chinese imports in retaliation for Chinas role in the coronavirus outbreak.

In the oil market, rising oil prices contributed to the days gains. WTI crude oil gained 8.09% to $21.38. In the S&P 500, energy led gains with a return of 3.46%.

Berkshire Hathaway (BRK.A)(BRK.B) released its first-quarter earnings results Saturday. Revenue of $61.27 billion increased 1.0% year over year and missed estimates by $1.87 billion. Earnings per A share were -$30,652 and earnings per B share were -$20.44. Buffett said Berkshire is selling airline stocks.

Economic reports affecting market trading included the following:

  • Total vehicle sales are on track to beat the consensus estimate for April of 7.1 million Preliminary data shows total vehicle sales of 8.6 million on a seasonally adjusted annual basis.
  • Factory orders decreased 10.3% in March. Factory orders excluding transportation decreased 3.7%.
  • The Treasury held auctions for three-month bills at a rate of 0.110%, six-month bills at a rate of 0.130% and 105-day bills at a rate of 0.115%. The 10-year Treasury ended with a yield of 0.630%.

In the S&P 100, the following stocks led gains:

Small-cap stocks

In small caps, the Russell 2000 closed at 1,263.97 for a gain of 3.49 points or 0.28%. The S&P 600 closed at 736.02 for a loss of 4.00 points or -0.54%. The Dow Jones U.S. Small-Cap Growth Index closed at 8,581.24 for a gain of 41.45 points or 0.49%. The Dow Jones U.S. Small-Cap Value Index closed at 6,323.36 for a loss of 40.50 points or -0.64%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,591.50 for a gain of 1.02 points or 0.064%; the S&P 100 at 1,307.81 for a gain of 5.65 points or 0.43%; the Nasdaq 100 at 8,834.11 for a gain of 115.93 points or 1.33%; the Russell 3000 at 1,643.20 for a gain of 7.61 points or 0.47%; the Russell 1000 at 1,563.20 for a gain of 7.42 points or 0.48%; the Wilshire 5000 at 28,731.78 for a gain of 131.97 points or 0.46%; and the Dow Jones U.S. Select Dividend Index at 557.62 for a gain of 0.60 points or 0.11%.

Not a Premium Member of GuruFocus? Sign up for afree 7-day trial here.

About the author:

Julie Young
Julie Young is a financial writer with comprehensive experience in the financial services industry. She writes about investments, investment products, financial market news and economic trends. Julie has a Master of Science in finance from Boston College and a Bachelor of Science in finance from the University of Arkansas.

Rating: 0.0/5 (0 votes)

Comments

Please leave your comment:



Performances of the stocks mentioned by Julie Young


User Generated Screeners


pjmason14Momentum
pascal.van.garsseHigh FCF-M2
kosalmmuse6
kosalmmuseBest one1
DBrizanall 2019Feb26
kosalmmuseBest one
DBrizanall 2019Feb25
kosalmmuseNice
kosalmmusehan
MsDale*52-Week Low
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)