U.S. market indexes gained on Tuesday with the Dow Jones and S&P 500 reaching new highs. For the day, the Dow Jones Industrial Average closed at 21328.47 for a gain of 92.80 points or 0.44%. The S&P 500 closed at 2440.35 for a gain of 10.96 points or 0.45%. The Nasdaq Composite closed at 6220.37 for a gain of 44.90 points or 0.73%. The VIX Volatility Index was lower for the day at 10.51 for a loss of -0.95 points or -8.29%.
Tuesday’s market movers
Tech stocks regained some ground on Tuesday, helping stock market valuations. The Federal Open Market Committee began its two-day June policy meeting. Economic reports affecting trading for the day included the following:
- The NFIB Small Business Optimism Index remained at 104.5.
- The Producer Price Index reported a 0% increase for the month and 2.4% increase for the year.
In the Dow Jones Industrial Average, the following stocks led gains:
Microsoft (MSFT, Financial) 1.25%
In the broad market, materials stocks led gains. Technology stocks were also higher with the S&P 500 technology sector reporting a gain of 0.72% for the day.
Small-cap stocks
In small-caps, the Russell 2000 Index closed at 1425.98 for a gain of 6.77 points or 0.48%. The S&P 600 Small-Cap Index closed at 866.07 for a gain of 3.71 points or 0.43%. The Dow Jones Small-Cap Growth TSM Index closed at 8570.50 for a gain of 63.20 points or 0.74%. The Dow Jones Small-Cap Value TSM Index closed at 9723.15 for a gain of 38.55 points or 0.40%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1769.34 for a gain of 10.34 points or 0.59%; the S&P 100 Index at 1074.64 for a gain of 3.93 points or 0.37%; the Russell 3000 Index at 1446.99 for a gain of 7.02 points or 0.49%; the Russell 1000 Index at 1352.99 for a gain of 6.58 points or 0.49%; and the Dow Jones U.S. Select Dividend Index at 668.98 for a gain of 2.13 points or 0.32%.
