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Julie Young
Julie Young
Articles (669) 

US Market Indexes Gain for the Week

Nasdaq gains 2.6% for the week

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

Banks began to report their second-quarter earnings with earnings reports from JPMorgan (NYSE:JPM), Citigroup (NYSE:C) and Wells Fargo (NYSE:WFC).

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:

Wal-Mart (NYSE:WMT) 1.72%

Microsoft (NASDAQ:MSFT) 1.41%

Intel (NASDAQ:INTC) 1.29%

DuPont (NYSE:DD) 1.13%

Boeing (NYSE:BA) 1.11%

Visa (NYSE:V) 1.03%

Apple (NASDAQ:AAPL) 0.86%

Disney (NYSE:DIS) 0.77%

UnitedHealth (NYSE:UNH) 0.77%

Johnson & Johnson (NYSE:JNJ) 0.56%

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%.

Small-cap stocks

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%.

About the author:

Julie Young
Julie Young is a financial journalist with comprehensive experience in the financial services industry. She primarily writes about financial market news and economic trends. Julie holds a Master of Science degree in finance from Boston College and a Bachelor of Science degree in finance from the University of Arkansas.

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