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 (1484) 

US Indexes Close Higher Thursday

5th day of gains

The Dow Jones Industrial Average closed at 27,386.98 on Thursday with a gain of 185.46 points or 0.68%. The S&P 500 closed at 3,349.16 for a gain of 21.39 points or 0.64%. The Nasdaq Composite closed at 11,108.07 for a gain of 109.67 points or 1.00%. The VIX Volatility Index was lower at 22.65 for a loss of 0.34 points or -1.48%.

Thursday’s Market Movers

The major U.S. indexes closed higher Thursday for a fifth day of gains. Tech stocks led gains for the day with a 19.5% gain from the mortgage conglomerate Rocket Companies (NYSE:RKT) in its initial public offering. PennyMac Financial (NYSE:PFSI) also beat its earnings expectations and gained 1.04%.

Stock highlights included:

  • PennyMac Financial (NYSE:PFSI): Revenue of $821.63 million increased 171.2% year over year and beat estimates by $199.88 million. Q2 GAAP EPS of $4.39 beat estimates by $1.52.
  • Elevate Credit (NYSE:ELVT): Revenue of $117.99 million decreased -21.5% year over year and missed estimates by $34.05 million. Q2 GAAP EPS of $0.38 beat estimates by $0.30 and non-GAAP EPS of $0.40 beat estimates by $0.23.
  • Uber (NYSE:UBER): Revenue of $2.24 billion decreased -29.3% year over year and beat estimates by $60 million. Q2 GAAP EPS of -$1.02 missed estimates by $0.14.
  • Booking Holdings (NASDAQ:BKNG): Revenue of $630 million decreased -83.4% year over year and beat estimates by $55.14 million. Q2 GAAP EPS of $2.97 beat estimates by $16.88 and non-GAAP EPS of -$10.81 beat estimates by $0.77.
  • Rocket Companies (NYSE:RKT) listed their stock. The stock gained 19.5% from its initial offering price.

Economic reports affecting market trading included the following:

  • 1.186 million Americans filed for jobless claims, down from the previous week’s 1.435 million. Continuing jobless claims decreased to 16.107 million from 16.951 million.
  • The Treasury held auctions for four-week bills at a rate of 0.080% and 8-week bills at a rate of 0.100%.
  • Freddie Mac released its weekly mortgage market survey. The 30-year fixed-rate mortgage averaged 2.88%, down from 2.99%. The 15-year fixed-rate mortgage averaged 2.44%, down from 2.51%.

Across sectors, technology and utilities led gains. In the Nasdaq 100, the following stocks led gains:

Small-Cap Stocks

In small-caps, the Russell 2000 closed at 1,544.62 for a loss of 1.61 points or -0.10%. The S&P 600 closed at 896.00 for a loss of 4.61 points or -0.51%. The Dow Jones U.S. Small-Cap Growth Index closed at 10,905.01 for a loss of 19.20 points or -0.18%. The Dow Jones U.S. Small-Cap Value Index closed at 7,145.55 for a loss of 42.90 points or -0.60%.

Other Notable Indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,915.10 for a loss of 5.43 points or -0.28%; the S&P 100 at 1,551.21 for a gain of 15.79 points or 1.03%; the Nasdaq 100 at 11,267.08 for a gain of 141.65 points or 1.27%; the Russell 3000 at 1,958.04 for a gain of 9.79 points or 0.50%; the Russell 1000 at 1,859.82 for a gain of 9.98 points or 0.54%; the Wilshire 5000 at 34,219.70 for a gain of 184.11 points or 0.54%; and the Dow Jones US Select Dividend Index at 597.45 for a loss of 0.98 points or -0.16%.

Not a Premium Member of GuruFocus? Sign up for a free 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)