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Julie Young
Julie Young
Articles (1531) 

US Indexes Close Higher to Start September

Nasdaq gains 1.39%

The Dow Jones Industrial Average closed at 28,645.66 on Tuesday with a gain of 215.61 points or 0.76%. The S&P 500 closed at 35,26.65 for a gain of 26.34 points or 0.75%. The Nasdaq Composite closed at 11,939.67 for a gain of 164.21 points or 1.39%. The VIX Volatility Index was lower at 26.27 for a loss of 0.14 points or -0.53%.

Tuesday's Market Movers

U.S. indexes closed higher Tuesday to start the new month. The Nasdaq Composite led the major indexes with a gain of 1.39%. Within technology, semiconductors were a strong contributor along with the Nasdaq 100 large caps.

The Nasdaq 100 was led by the following:

Headlines for the day included the following:

  • Walmart (NYSE:WMT) gained 6.27% after announcing a Walmart+ subscription service comparable to Amazon Prime.
  • Tesla (NASDAQ:TSLA) was down -4.67% on news of a $5.0 billion equity share distribution agreement.
  • The Markit Manufacturing PMI increased to 53.1 in August from 50.9.
  • The ISM Manufacturing PMI increased to 56 in August from 54.2. Separately, the ISM Manufacturing New Orders Index increased to 67.6 from 61.5, the ISM Manufacturing Prices Index increased to 59.5 from 53.2 and the ISM Manufacturing Employment Index increased to 46.4 from 44.3.
  • Construction spending increased 0.1% in July following a decrease of -0.5%.
  • The Treasury held auctions for 119-day bills at a rate of 0.115% and 42-day bills at a rate of 0.090%.

Small-Cap Stocks

In small-caps, the Russell 2000 closed at 1,578.58 for a gain of 16.70 points or 1.07%. The S&P 600 closed at 909.34 for a gain of 10.55 points or 1.17%. The Dow Jones U.S. Small-Cap Growth Index closed at 11,118.66 for a gain of 156.65 points or 1.43%. The Dow Jones U.S. Small-Cap Value Index closed at 7,285.18 for a gain of 52.03 points or 0.72%.

Other Notable Indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,941.03 for a gain of 14.49 points or 0.75%; the S&P 100 at 1,653.67 for a gain of 14.73 points or 0.90%; the Nasdaq 100 at 12,292.86 for a gain of 182.17 points or 1.50%; the Russell 3000 at 2,062.44 for a gain of 17.43 points or 0.85%; the Russell 1000 at 1,962.50 for a gain of 16.34 points or 0.84%; the Wilshire 5000 at 36,033.32 for a gain of 281.15 points or 0.79%; and the Dow Jones US Select Dividend Index at 601.32 for a loss of 0.70 points or -0.12%.

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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.

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