U.S. market indexes were higher on Friday with the three leading indexes reaching new highs. The Dow Jones Industrial Average closed at 21206.29 for a gain of 62.11 points or 0.29%. The S&P 500 closed at 2439.07 for a gain of 9.01 points or 0.37%. The Nasdaq Composite closed at 6305.80 for a gain of 58.97 points or 0.94%. The VIX Volatility Index was lower for the day at 9.66 for a loss of -0.23 points or -2.33%.
For the week, the Dow Jones Industrial Average gained 0.56%, the S&P 500 gained 0.93% and the Nasdaq Composite gained 1.50%.
Friday’s market movers
Stocks gained as the jobs report changed the outlook for rate increases in 2017. The May jobs report was the main focus for the day with an increase of 138,000 jobs. The report was below consensus of 185,000 and below the prior month’s report of 174,000, signaling the Federal Reserve might be less aggressive with interest rate hikes for the remainder of the year.
In the Dow Jones Industrial Average, the following stocks led gains:
Microsoft (MSFT, Financial) 2.37%
Johnson & Johnson (JNJ, Financial) 1.01%
McDonald's (MCD, Financial) 0.89%
In the broad market, technology stocks led gains for the day. The S&P 500 technology sector gained 0.92%.
Small-cap stocks
In small-caps, the Russell 2000 Index closed at 1405.39 for a gain of 9.33 points or 0.67%. The S&P 600 Small-Cap Index closed at 851.91 for a gain of 5.26 points or 0.62%. The Dow Jones Small-Cap Growth TSM Index closed at 8509.48 for a gain of 55.35 points or 0.65%. The Dow Jones Small-Cap Value TSM Index closed at 9527.94 for a gain of 19.93 points or 0.21%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1751.11 for a gain of 3.24 points or 0.19%; the S&P 100 Index at 1074.36 for a gain of 4.62 points or 0.43%; the Russell 3000 Index at 1444.53 for a gain of 5.48 points or 0.38%; the Russell 1000 Index at 1352.09 for a gain of 4.82 points or 0.36%; and the Dow Jones U.S. Select Dividend Index at 664.84 for a loss of -0.08 points or -0.01%.
