U.S. market indexes gained on Wednesday.
For the day the Dow Jones Industrial Average closed at 21,454.61 for a gain of 143.95 points or 0.68%. The Standard & Poor's 500 closed at 2,440.69 for a gain of 21.31 points or 0.88%. The Nasdaq Composite closed at 6,234.41 for a gain of 87.79 points or 1.43%. The VIX Volatility Index was lower at 10.03 for a loss of 1.03 points or 9.31%.
Wednesday’s market movers
Technology stocks gained on Wednesday. Economic reports affecting market trading included the following:
- The Mortgage Bankers Association's mortgage applications index decreased by 6.2% for the week.
- International trade in goods was -$65.9 billion with a 0.4% increase in exports and a 0.4% decrease in imports.
- Retail inventories increased 0.6% for the month.
- Wholesale inventories increased 0.3% for the month.
- The Pending Home Sales Index decreased 0.8% for the month.
- The EIA Petroleum Status report increased 100,000 barrels for the week.
In the Dow Jones Industrial Average, the following stocks led gains:
- Caterpillar (CAT, Financial) 2.42%.
- JPMorgan (JPM, Financial) 1.96%.
- Intel (INTC, Financial) 1.63%.
- Apple (AAPL, Financial) 1.45%.
In the broad market, financial and technology stocks led gains. The S&P 500 financial sector gained 1.55%. The S&P 500 technology sector gained 1.25%.
Small-cap stocks
In small-caps, the Russell 2000 Index closed at 1,425.27 for a gain of 21.75 points or 1.55%. The S&P 600 Small-Cap Index closed at 860.54 for a gain of 12.96 points or 1.53%. The Dow Jones Small-Cap Growth TSM Index closed at 8,620.25 for a gain of 133.22 points or 1.57%. The Dow Jones Small-Cap Value TSM Index closed at 9,588.90 for a gain of 107.07 points or 1.13%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,755.79 for a gain of 19.21 points or 1.11%; the S&P 100 Index at 1,075.74 for a gain of 9.38 points or 0.88%; the Russell 3000 Index at 1,446.97 for a gain of 13.53 points or 0.94%; the Russell 1000 Index at 1,353.01 for a gain of 11.99 points or 0.89%; and the Dow Jones U.S. Select Dividend Index at 664.46 for a gain of 2.80 points or 0.42%.
