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Julie Young
Julie Young
Articles (752) 

US Market Indexes Gain on Wednesday

Dow Jones closes at 21,807.64

U.S. market indexes gained on Wednesday. The Dow Jones Industrial Average closed at 21,807.64 for a gain of 54.33 points or 0.25%. The S&P 500 closed at 2,465.54 for a gain of 7.69 points or 0.31%. The Nasdaq Composite closed at 6,393.31 for a gain of 17.74 points or 0.28%. The VIX Volatility Index was lower for the day at 11.64 for a loss of -0.59 points or -4.82%.

Wednesday’s market movers

Congress enacted a stopgap agreement to increase the debt limit and keep the government funded until December. Economic reports affecting market trading included the following:

  • The Mortgage Bankers Association’s mortgage applications index reported an increase of 3.3%.
  • International trade reported a deficit of -$43.7 billion.
  • The PMI Services Index was reported at 56.0, below consensus of 56.9.
  • The ISM Manufacturing Index was reported at 55.3, below consensus of 55.8.
  • The Federal Reserve released its Beige Book, reporting economic levels at modest to moderate with details on Hurricane Harvey, inflation, consumer spending and GDP.
  • It was also reported that Federal Reserve Vice Chairman Stanly Fischer is resigning.

In the Dow Jones Industrial Average, the following stocks led gains:

Home Depot (NYSE:HD) 2.39%

Chevron (NYSE:CVX) 2.16%

Intel (NASDAQ:INTC) 2.14%

Exxon (NYSE:XOM) 2.12%

Travelers (NYSE:TRV) 2.01%

DuPont (NYSE:DD) 0.89%

Cisco (NASDAQ:CSCO) 0.82%

General Electric (NYSE:GE) 0.69%

JPMorgan (NYSE:JPM) 0.66%

IBM (NYSE:IBM) 0.55%

In the broad market, energy stocks led gains. Technology was also higher with the S&P 500 technology sector gaining 0.09%.

Small-cap stocks

In small-caps, the Russell 2000 closed at 1,402.20 for a gain of 2.54 points or 0.18%. The S&P 600 closed at 839.94 for a gain of 2.01 points or 0.24%. The Dow Jones Small-Cap Growth TSM Index closed at 8,579.40 for a gain of 10.68 points or 0.12%. The Dow Jones Small-Cap Value TSM closed at 9,409.37 for a gain of 13.30 points or 0.14%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,719.67 for a gain of 1.33 points or 0.08%; the S&P 100 Index at 1,090.44 for a gain of 3.70 points or 0.34%; the Russell 3000 Index at 1,457.77 for a gain of 4.07 points or 0.28%; the Russell 1000 Index at 1,365.77 for a gain of 3.92 points or 0.29%; and the Dow Jones U.S. Select Dividend Index at 657.53 for a gain of 1.32 points or 0.20%.

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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