>
  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 (1594) 

US Stocks Close Mostly Higher Wednesday

Overall changes were mostly flat

The Dow Jones Industrial Average closed at 31,060.47 on Wednesday with a loss of 8.22 points or -0.03%. The S&P 500 closed at 3,809.84 for a gain of 8.65 points or 0.23%. The Nasdaq Composite closed at 13,128.95 for a gain of 56.52 points or 0.43%. The VIX Volatility Index was lower at 22.21 for a loss of 1.12 points or -4.80%.

Wednesday's Market Movers

U.S. stocks closed mostly higher Wednesday. The House of Representatives voted to impeach President Trump for a second time, though Senate Majority Leader McConnell says the Senate will not reconvene early to take up the impeachment vote.

In other news:

  • The U.S. posted another single-day Covid-19 deaths record.
  • The MBA Mortgage Applications Index increased 16.7% following an increase of 1.7%. The MBA's average 30-year mortgage rate increased to 2.88% from 2.86%.
  • The Consumer Price Index increased 0.4% in December following an increase of 0.2%. Year over year, the Consumer Price Index increased 1.4%, up from 1.2%.
  • The Core Consumer Price Index increased 0.1% in December following an increase of 0.2%. Year over year, the Core Consumer Price Index increased 1.6%, unchanged from the previous month's report.
  • Crude oil inventory decreased by 3.2 million barrels, according to the EIA's Weekly Petroleum Status Report.
  • The Treasury held auctions for 105-day bills at a rate of 0.090%, 154-day bills at a rate of 0.090% and 30-year bonds at a rate of 1.825%.
  • The Fed's Beige Book release reported modest economic growth.
  • The Treasury's December Budget Statement showed a deficit of $144 billion following a deficit of $145 billion.

Across the board:

  • Affirm (NASDAQ:AFRM) launched its initial public offering with a 98.45% gain.
  • Intel (NASDAQ:INTC) is replacing its chief executive officer with Pat Gelsinger
  • GameStop (NYSE:GME) gained 57.39%
  • Exela Technologies (NASDAQ:XELA) gained 47.89%
  • Target (NYSE:TGT) showed holiday comparable sales up 17.2% and digital comparable sales up 102%, but the stock was down -1.15% for the day.

Small-Cap Stocks

In small-caps, the Russell 2000 closed at 2,111.97 for a loss of 15.99 points or -0.75%. The S&P 600 closed at 1,205.16 for a loss of 10.30 points or -0.85%. The Dow Jones U.S. Small-Cap Growth Index closed at 14,702.20 for a loss of 69.49 points or -0.47%. The Dow Jones U.S. Small-Cap Value Index closed at 9,627.82 for a loss of 87.39 points or -0.90%.

Other Notable Indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 2,426.08 for a loss of 22.80 points or -0.93%; the S&P 100 at 1,739.67 for a gain of 9.47 points or 0.55%; the Nasdaq 100 at 12,973.63 for a gain of 81.54 points or 0.63%; the Russell 3000 at 2,295.14 for a gain of 2.14 points or 0.093%; the Russell 1000 at 2,157.79 for a gain of 3.34 points or 0.16%; the Wilshire 5000 at 40,021.52 for a gain of 43.96 points or 0.11%; and the Dow Jones US Select Dividend Index at 720.91 for a loss of 0.97 points or -0.13%.

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
wigbertHigh 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)