U.S. market indexes were mostly lower on Friday with the Nasdaq gaining to report its fourth consecutive weekly increase. For the day, the Dow Jones Industrial Average closed at 20896.61 for a loss of -22.81 points or -0.11%. The S&P 500 closed at 2390.90 for a loss of -3.54 points or -0.15%. The Nasdaq Composite closed at 6121.23 for a gain of 5.27 points or 0.09%. The VIX Volatility Index was lower for the day at 10.42 with a loss of -0.18 points or -1.70%.
For the week, the Dow Jones Industrial Average was down -0.55%, the S&P 500 reported a loss of -0.36% and the Nasdaq Composite gained 0.34%.
Friday’s market movers
U.S. indexes reported their first week of losses after three weeks of gains. Economic reports released on Friday included the following:
- The Consumer Price Index reported an increase of 0.2% for the month and 2.2% for the year.
- Retail sales increased 0.4% for the month.
- Business inventories increased 0.2% for the month.
- The University of Michigan’s Consumer Sentiment Index increased to 97.7.
In the Dow Jones Industrial Average, the following stocks led losses for the day:
General Electric (GE, Financial) -2.08%
UnitedHealth (UNH, Financial) -0.87%
Goldman Sachs (GS, Financial) -0.86%
Wal-Mart (WMT, Financial) -0.55%
American Express (AXP, Financial) -0.55%
In the broad market, industrial stocks led losses. Technology was higher with the S&P 500 technology sector gaining 0.25%.
Small-cap stocks
In small-caps, the Russell 2000 Index closed at 1382.77 for a loss of -7.42 points or -0.53%. The S&P 600 Small-Cap Index closed at 838.54 for a loss of -6.48 points or -0.77%. The Dow Jones Small-Cap Growth TSM Index closed at 8361.23 for a loss of -36.27 points or -0.43%. The Dow Jones Small-Cap Value TSM Index closed at 9435.82 for a loss of -66.00 points or -0.69%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1719.33 for a loss of -8.21 points or -0.48%; the S&P 100 Index at 1056.81 for a loss of -0.43 points or -0.04%; the Russell 3000 Index at 1415.75 for a loss of -2.74 or -0.19%; the Russell 1000 Index at 1324.73 for a loss of -2.19 points or -0.17%; and the Dow Jones U.S. Select Dividend Index at 649.82 for a loss of -1.15 points or -0.18%.
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