U.S. market indexes were mostly higher on Wednesday. For the day, the Dow Jones Industrial Average closed at 22016.24 for a gain of 52.32 points or 0.24%. The S&P 500 closed at 2477.57 for a gain of 1.22 points or 0.05%. The Nasdaq Composite closed at 6362.65 for a loss of -0.29 points or 0.01%. The VIX Volatility Index was higher at 10.23 for a gain of 0.14 points or 1.39%.
Wednesday’s market movers
The Dow Jones crossed 22,000 for the first time and large-cap stocks gained on Wednesday. Economic reports affecting market trading included the following:
- The Mortgage Bankers Association’s mortgage applications index decreased by -2.8% for the week.
- The ADP Employment report was released on Wednesday and reported 178,000 jobs in the private sector.
In the Dow Jones Industrial Average, the following stocks led gains:
McDonald's (MCD, Financial) 1.66%
United Technologies (UTX, Financial) 1.24%
Exxon Mobil (XOM, Financial) 0.54%
Home Depot (HD, Financial) 0.43%
UnitedHealth (UNH, Financial) 0.40%
JPMorgan (JPM, Financial) 0.09%
In the broad market, industrial stocks led gains. Technology stocks in the S&P 500 were higher with the S&P 500 technology sector gaining 0.28%.
Small-cap stocks
In small-caps, the Russell 2000 Index closed at 1412.90 for a loss of -15.43 points or -1.08%. The S&P 600 Small-Cap Index closed at 854.34 for a loss of -11.72 points or -1.35%. The Dow Jones Small-Cap Growth TSM Index closed at 8545.32 for a loss of -94.08 points or -1.09%. The Dow Jones Small-Cap Value TSM Index closed at 9638.41 for a loss of -73.40 points or -0.76%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1752.51 for a loss of -12.11 points or -0.69%; the S&P 100 Index at 1094.92 for a gain of 2.51 points or 0.23%; the Russell 3000 Index at 1464.49 for a loss of -1.36 points or -0.09%; the Russell 1000 Index at 1371.73 for a loss of -0.16 points or -0.01%; and the Dow Jones U.S. Select Dividend Index at 663.77 for a loss of -1.28 points or -0.19%.
