>
  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 (1588) 

US Indexes Close Higher Wednesday

Biden and Harris inaugurated

The Dow Jones Industrial Average closed at 31,188.38 on Wednesday with a gain of 257.86 points or 0.83%. The S&P 500 closed at 3,851.85 for a gain of 52.94 points or 1.39%. The Nasdaq Composite closed at 13,457.25 for a gain of 260.07 points or 1.97%. The VIX Volatility Index was lower at 21.58 for a loss of 1.66 points or -7.14%.

Wednesday's market movers

U.S. indexes closed with gains Wednesday as investors cheered the Biden and Harris inaugurations. The new presidential administration called for unity and a fresh start for America.

Earnings headlines for the day included:

  • UnitedHealth (NYSE:UNH): Revenue of $65.47 billion increased 7.5% year over year and beat estimates by $490 million. Fourth-quarter GAAP earnings of $2.30 per share beat estimates by 6 cents and non-GAAP earnings of $2.52 beat estimates by 13 cents.
  • Procter & Gamble (NYSE:PG): Revenue of $19.75 billion increased 8.3% year over year and beat estimates by $500 million. Fiscal second-quarter GAAP earnings of $1.47 per share missed estimates by 2 cents and non-GAAP earnings of $1.64 beat estimates by 13 cents.
  • Morgan Stanley (NYSE:MS): Revenue of $13.64 billion increased 25.6% year over year and beat estimates by $2.11 billion. Fourth-quarter GAAP earnings of $1.81 beat estimates by 55 cents and non-GAAP earnings of $1.92 beat estimates by 64 cents.

In other news:

  • President Trump issued 143 pardons and commutations on his last day of office.
  • Pfizer (NYSE:PFE) and BioNtech (BNTX) say their vaccine is effective against a newly publicized U.K. variation of Covid-19.
  • The MBA Mortgage Applications Index decreased 1.9% following an increase of 16.7%. The MBA's average 30-year mortgage rate increased to 2.92% from 2.88%.
  • The NAHB Housing Market Index decreased to 83 in January from 86.
  • The Treasury held auctions for 105-day bills at a rate of 0.085%, 154-day bills at a rate of 0.090% and 20-year bonds at a rate of 1.657%.

Across the board:

Small-cap stocks

In small caps, the Russell 2000 closed at 2,160.62 for a gain of 9.48 points or 0.44%. The S&P 600 closed at 1,229.82 for a gain of 5.52 points or 0.45%. The Dow Jones U.S. Small-Cap Growth Index closed at 15,079.45 for a gain of 79.60 points or 0.53%. The Dow Jones U.S. Small-Cap Value Index closed at 9,742.67 for a gain of 29.97 points or 0.31%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 2,469.01 for a gain of 24.91 points or 1.02%; the S&P 100 at 1,761.98 for a gain of 30.56 points or 1.77%; the Nasdaq 100 at 13,296.45 for a gain of 299.91 points or 2.31%; the Russell 3000 at 2,322.87 for a gain of 29.63 points or 1.29%; the Russell 1000 at 2,182.14 for a gain of 29.18 points or 1.36%; the Wilshire 5000 at 40,516.54 for a gain of 530.24 points or 1.33%; and the Dow Jones U.S. Select Dividend Index at 723.11 for a loss of 0.58 points or -0.080%.

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)