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 (668) 

Procter & Gamble, Pfizer Lead Market Gains

3 indexes reach new highs on Wednesday

February 16, 2017 | About:

U.S. market indexes continued to gain on Wednesday with all three leading indexes reaching new highs.

For the day, the Dow Jones Industrial Average closed at 20,611.86 for a gain of 107.45 points or 0.52%. The Standard & Poor's 500 closed at 2,349.25 for a gain of 11.67 points or 0.50%. The Nasdaq Composite closed at 5,819.44 for a gain of 36.87 points or 0.64%. The VIX Volatility Index was higher for the day at 11.97 for a gain of 1.23 points or 11.45%.

Wednesday’s market movers

Economic reports affecting trading on Wednesday included the following:

  • The Mortgage Bankers Association’s mortgage applications report showed a decrease of -3.7%.
  • The Consumer Price Index increased 0.6% for the month and 2.5% for the year.
  • Retail sales increased 0.4% in January.
  • Industrial production reported a decrease of -0.3% in January
  • The Atlanta Fed Business Inflation Expectations Index decreased slightly to 2.0% from 2.1%.
  • Business inventories increased 0.4% in December.
  • The Housing Market Index decreased to 65 and was below the expected consensus of 68 for February.
  • The EIA Petroleum Status report showed an increase in oil inventory of 9.5 million barrels for the week.

In the Dow Jones Industrial Average, the following stocks led gains:

In the broad market the healthcare sector led gains. Technology was also higher for the day with the S&P 500 technology sector up 0.33%.

Small-cap stocks

In small-caps, the Russell 2000 Index closed at 1,404.21 for a gain of 7.56 points or 0.54%. The S&P 600 Small-Cap Index closed at 857.91 for a gain of 4.72 points or 0.55%. The Dow Jones Small-Cap Growth TSM Index closed at 8,361.34 for a gain of 55.59 points or 0.67%. The Dow Jones Small-Cap Value TSM Index closed at 9,890.77 for a gain of 13.81 points or 0.14%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,734.51 for a gain of 4.95 points or 0.29%; the S&P 100 Index at 1,037.59 for a gain of 5.46 points or 0.53%; the Russell 3000 Index at 1,397.43 for a gain of 6.80 points or 0.49%; the Russell 1000 Index at 1,304.50 for a gain of 6.29 points or 0.48%; and the Dow Jones U.S. Select Dividend Index at 650.46 for a gain of 1.13 points or 0.17%.

Start a free seven-day trial of Premium Membership to GuruFocus.

About the author:

Julie Young
Julie Young is a financial journalist with comprehensive experience in the financial services industry. She primarily writes about financial market news and economic trends. Julie holds a Master of Science degree in finance from Boston College and a Bachelor of Science degree in finance from the University of Arkansas.

Rating: 0.0/5 (0 votes)


Please leave your comment:

GuruFocus has detected 6 Warning Signs with Procter & Gamble Co $PG.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

Performances of the stocks mentioned by Julie Young

User Generated Screeners

EhrlingerT. Rowe Price Group
NorvasP/S good growers
danaltstreamMPB EY
AxelSalonenGrowth & True Value
gelayor65All Stocks With Blackrock Sell
jgmarisafricaGurus growth low profitability
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)

GF Chat