U.S. market indexes were higher on Friday. For the day, the Dow Jones Industrial Average closed at a new high of 21637.74 with a gain of 84.65 points or 0.39%. The S&P 500 closed at 2459.27, its highest level since June 19, with a gain of 11.44 points or 0.47%. The Nasdaq Composite closed at 6312.47, its second highest level, with a gain of 38.03 points or 0.61%. The VIX Volatility Index was lower for the day at 9.62 with a loss of -0.28 points or -2.83%.
For the week, the Dow Jones gained 1%, the S&P 500 gained 1.4% and the Nasdaq Composite gained 2.6%.
Friday’s market movers
Economic reports affecting market trading included the following:
- The Consumer Price Index reported a 0% increase for the month and a 1.6% increase for the year.
- Retail sales decreased -0.2% for the month.
- Industrial production increased 0.4% for the month.
- Business inventories increased 0.3% for the month.
- The University of Michigan’s Consumer Sentiment Index decreased to 93.1 from 95.1.
In the Dow Jones Industrial Average, the following stocks led gains:
In the broad market, real estate and technology stocks led gains. The S&P 500 real estate sector gained 1% and the S&P 500 technology sector gained 0.89%.
In small-caps, the Russell 2000 Index closed at 1428.82 for a gain of 3.16 points or 0.22%. The S&P 600 Small-Cap Index closed at 862.70 for a gain of 2.35 points or 0.27%. The Dow Jones Small-Cap Growth TSM Index closed at 8661.80 for a gain of 27.86 points or 0.32%. The Dow Jones Small-Cap Value TSM Index closed at 9625.03 for a gain of 26.96 points or 0.28%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1765.32 for a gain of 5.94 points or 0.34%; the S&P 100 Index at 1083.13 for a gain of 4.72 points or 0.44%; the Russell 3000 Index at 1456.73 for a gain of 6.37 points or 0.44%; the Russell 1000 Index at 1362.61 for a gain of 6.20 points or 0.46%; and the Dow Jones U.S. Select Dividend Index at 659.08 for a gain of 2.16 points or 0.33%.