The Dow Jones Industrial Average closed at 29,950.44 on Monday with a gain of 470.63 points or 1.60%. The S&P 500 closed at 3,626.91 for a gain of 41.76 points or 1.16%. The Nasdaq Composite closed at 11,924.13 for a gain of 94.84 points or 0.80%. The VIX Volatility Index was lower at 22.59 for a loss of 0.51 points or -2.21%.
Monday's market movers
U.S. indexes ended higher Monday with more positive vaccine news. The Dow and S&P 500 reported closing highs.
Moderna (MRNA, Financial) data reported its vaccine was 94% effective in its trials and is showing a longer shelf life than its competitors. Pfizer (PFE, Financial) and Astrazeneca (AZN, Financial) were lower, though investors are hoping for emergency use authorizations for vaccines very soon.
Later this week, investors will see the end of third-quarter earnings with retail reports from Walmart (WMT), Target (TGT), Home Depot (HD, Financial) and several other retailers.
In other news:
- Energy and semiconductors led Monday's gains.
- Coty (COTY, Financial) +11.18%
- Nordstrom (JWN, Financial) +10.73%
- Moderna (MRNA, Financial) +9.58%
- HD said it would buy back HD Supply Holdings (HDS, Financial) +24.46%
- The New York Empire State Manufacturing Index decreased to 6.30 from 10.50.
- The Treasury held auctions for three-month bills at a rate of 0.090% and six-month bills at a rate of 0.100%
Small-cap stocks
In small caps, the Russell 2000 closed at 1,785.34 for a gain of 41.29 points or 2.37%. The S&P 600 closed at 1,023.52 for a gain of 29.23 points or 2.94%. The Dow Jones U.S. Small-Cap Growth Index closed at 12,268.92 for a gain of 163.94 points or 1.35%. The Dow Jones U.S. Small-Cap Value Index closed at 8,368.06 for a gain of 299.73 points or 3.71%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 2,155.55 for a gain of 42.29 points or 2.00%; the S&P 100 at 1,661.52 for a gain of 16.63 points or 1.01%; the Nasdaq 100 at 12,013.38 for a gain of 75.54 points or 0.63%; the Russell 3000 at 2,138.51 for a gain of 26.13 points or 1.24%; the Russell 1000 at 2,023.99 for a gain of 23.30 points or 1.16%; the Wilshire 5000 at 37,381.38 for a gain of 464.54 points or 1.26%; and the Dow Jones U.S. Select Dividend Index at 673.41 for a gain of 18.39 points or 2.81%.
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