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Julie Young
Julie Young
Articles (734) 

US Market Indexes Gain in October

Nasdaq Composite closes at new high of 6,727.67 on Tuesday

November 01, 2017 | About:

U.S. market indexes were higher on Wednesday. The Dow Jones Industrial Average closed at 23,377.24 for a gain of 28.50 points or 0.12%. The S&P 500 closed at 2,575.26 for a gain of 2.43 points or 0.09%. The Nasdaq Composite closed at 6,727.67 for a gain of 28.71 points or 0.43%. The VIX Volatility Index was lower for the day at 10.17 for a loss of -0.33 points or -3.14%.

Stocks were higher in October. The Dow Jones gained 4.34%, the S&P 500 gained 2.20% and the Nasdaq Composite gained 3.56%.

Tuesday’s market movers

The Nasdaq Composite closed at a new high with help from Apple, which closed at $169.04 and gained 1.39% for the day.

The Federal Open Market Committee began its monetary policy meeting on Tuesday. Economic reports affecting market trading included the following:

  • The Employment Cost Index increased 0.7% for the quarter and 2.5% for the year.
  • The S&P Corelogic Case-Shiller Home Price Index reported a seasonally adjusted increase of 0.5% and an annual increase of 5.9%.
  • The Conference Board’s Consumer Confidence Index increased to 125.9 from 120.6.

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

Intel (NASDAQ:INTC) 2.52%

Apple (NASDAQ:AAPL) 1.37%

Chevron (NYSE:CVX) 1.29%

Goldman Sachs (NYSE:GS) 0.68%

Merck (NYSE:MRK) 0.66%

American Express (NYSE:AXP) 0.49%

In the broad market, consumer staples and technology led gains. The S&P 500 consumer staples sector increased 0.87% and the S&P 500 technology sector increased 0.43%.

Small-cap stocks

In small-caps, the Russell 2000 Index closed at 1,502.87 for a gain of 11.97 points or 0.80%. The S&P 600 closed at 912.04 for a gain of 8.56 points or 0.95%. The Dow Jones Small-Cap Growth TSM Index closed at 9,132.94 for a gain of 75.55 points or 0.83%. The Dow Jones Small-Cap Value TSM Index closed at 10,032.28 for a gain of 57.96 points or 0.58%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,835.10 for a gain of 9.67 points or 0.53%; the S&P 100 Index at 1,136.83 for a gain of 0.08 points or 0.01%; the Russell 3000 Index at 1,526.52 for a gain of 2.89 points or 0.19%; the Russell 1000 Index at 1,427.42 for a gain of 1.98 points or 0.14%; and the Dow Jones U.S. Select Dividend Index at 678.72 for a gain of 0.87 points or 0.13%.

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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