U.S. market indexes reported another day of new highs Tuesday.
For the day, the Dow Jones Industrial Average closed at 19,911.21 for a gain of 114.78 points or 0.58%. The Standard & Poor's 500 closed at 2,271.72 for a gain of 14.76 points or 0.65%. The Nasdaq Composite closed at 5,463.83 for a gain of 51.29 points or 0.95%. The VIX Volatility Index was higher for the day at 12.78 for a gain of 0.14 points or 1.11%.
Tuesday’s market movers
No major economic reports were announced Tuesday. The Federal Open Market Committee began its two-day policy meeting which will end on Wednesday afternoon with a press conference. The Fed is expected to increase its federal funds rate which will have widespread market affects.
In the Dow Jones Industrial Average, the following stocks led gains:
- Intel (INTC, Financial) 2.31%.
- ExxonMobil (XOM, Financial) 1.76%.
- IBM (IBM, Financial) 1.69%.
- Apple (AAPL, Financial) 1.67%.
In the broad market, the technology, energy and utilities sectors led stocks higher. The S&P 500 technology sector gained 1.26% for the day.
Small-cap stocks
In small-caps, the Russell 2000 Index closed at 1,373.53 for a gain of 0.39 points or 0.03%. The S&P 600 Small-Cap Index closed at 848.93 for a gain of 0.28 points or 0.03%. The Dow Jones Small-Cap Growth TSM Index closed at 8,084.37 for a gain of 3.07 points or 0.04%. The Dow Jones Small-Cap Value TSM Index closed at 9,773.08 for a gain of 6.59 points or 0.07%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,686.05 for a gain of 3.54 points or 0.21%; the S&P 100 Index at 1,004.39 for a gain of 7.82 points or 0.78%; the Russell 3000 Index at 1,351.16 for a gain of 7.58 points or 0.56%; the Russell 1000 Index at 1,260.06 for a gain of 7.64 points or 0.61%; and the Dow Jones U.S. Select Dividend Index at 643.79 for a gain of 3.42 points or 0.53%.
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