The Dow Jones Industrial Average closed at 27,682.81 on Friday with a loss of 134.09 points or -0.48%. The S&P 500 closed at 3,348.44 for a loss of 32.36 points or -0.96%. The Nasdaq Composite closed at 11,075.02 for a loss of 251.49 points or -2.22%. The VIX Volatility Index was higher at 27.63 for a gain of 0.93 points or 3.48%.
For the week, the Dow Jones gained 1.9%, the S&P 500 gained 1.5% and the Nasdaq gained 1.4%. For the year, the Nasdaq has a gain of 23.43%, the S&P 500 is up 3.64% and the Dow Jones is down 3.00%.
Friday's market movers
The major U.S. indexes ended a two-day rally, closing with losses Friday but gains for the week. Stock investors were worried over the news that President Trump and the first lady have tested positive for the C=coronavirus. The president is being treated at Walter Reed National Military Medical Center in Bethesda, Maryland, where he will also be working.
The September jobs report was also a top headline for the day. It included the following:
- Nonfarm payrolls increased by 661,000 in September, following an increase of 1.489 million and below the estimate of 915,000.
- The unemployment rate fell to 7.9% from 8.4% and beat the estimate of 8.3%.
- Private nonfarm payrolls increased by 877,000.
- Manufacturing payrolls increased by 66,000.
- Government payrolls decreased by -216,000.
- Average hourly earnings increased 0.1% in September and 4.7% year over year.
- Average weekly hours increased to 34.7 from 34.6.
- The participation rate decreased to 61.4% from 61.7%.
In other news:
- The House approved a $2.2 trillion dollar stimulus bill, but speculation is doubtful for a pass through in the Senate.
- Tesla (TSLA, Financial) was in line with estimates for its third-quarter deliveries, which were reported at 139,300.
- The ISM New York Index increased to 56.1 in September from 42.9.
- The Michigan Consumer Sentiment Index improved to 80.4 in September from 74.1.
- Factory orders increased 0.7% in August following an increase of 6.5%. Factory orders excluding transportation increased 0.7% in August following an increase of 2.4%.
- The Baker Hughes weekly oil rig count showed five new rigs added in the U.S., four rigs added in Canada and a decrease of 45 rigs internationally.
- Total vehicle sales increased to a seasonally adjusted annual rate of 16.3 million, up from 15.2 million.
Across sectors, semiconductors led losses for the day. Real estate and utilities led the day's gains. In the S&P 500, the following stocks led gains and losses:
- United Rentals (URI, Financial) +5.51%
- Devon Energy (DVN, Financial) +5.49%
- Invesco (IVZ, Financial) +5.33%
- DexCom (DXCM, Financial) -7.08%
- Activision Blizzard (ATVI, Financial) -5.30%
- Netflix (NFLX, Financial) -4.63%
- Adobe (ADBE, Financial) -4.11%
- Nvidia (NVDA, Financial) -4.06%
Small-cap stocks
In small caps, the Russell 2000 closed at 1,539.30 for a gain of 8.09 points or 0.53%. The S&P 600 closed at 876.58 for a gain of 9.11 points or 1.05%. The Dow Jones U.S. Small-Cap Growth Index closed at 10,825.53 for a loss of 35.64 points or -0.33%. The Dow Jones U.S. Small-Cap Value Index closed at 7,023.72 for a gain of 148.69 points or 2.16%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,902.79 for a gain of 17.85 points or 0.95%; the S&P 100 at 1,547.08 for a loss of 22.80 points or -1.45%; the Nasdaq 100 at 11,255.69 for a loss of 327.51 points or -2.83%; the Russell 3000 at 1,966.37 for a loss of 16.47 points or -0.83%; the Russell 1000 at 1,868.62 for a loss of 17.20 points or -0.91%; the Wilshire 5000 at 34,331.05 for a loss of 296.58 points or -0.86%; and the Dow Jones U.S. Select Dividend Index at 591.72 for a gain of 9.27 points or 1.59%.
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