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Julie Young
Julie Young
Articles (733) 

US Market Indexes Start the Week Higher

Dow Jones, S&P 500 and Nasdaq Composite report new highs

U.S. market indexes were higher on Monday. The Dow Jones Industrial Average closed at 23,548.42 for a gain of 9.23 points or 0.04%. The S&P 500 closed at 2,591.13 for a gain of 3.29 points or 0.13%. The Nasdaq Composite closed at 6,786.44 for a gain of 22.00 points or 0.33%. The VIX Volatility Index was higher at 9.42 for a gain of 0.28 points or 3.06%.

Monday’s market movers

The Dow Jones, S&P 500 and Nasdaq Composite reported their 26th day of simultaneous highs in 2017. Stocks helping indexes to gain included Qualcomm (NASDAQ:QCOM), which reported interest from Broadcom (AVGO) in a buyout, and Disney (NYSE:DIS), which sources reported is considering the buyout of the entertainment assets of 21st Century Fox (NASDAQ:FOXA). Energy was also higher with a 3% gain in oil prices.

No market-moving economic reports were on the calendar Monday. Consumer credit will be the main focus from Tuesday’s economic reports.

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

Walt Disney (NYSE:DIS) 2.03%

Chevron (NYSE:CVX) 1.78%

Apple (NASDAQ:AAPL) 1.01%

Boeing (NYSE:BA) 0.89%

DuPont (NYSE:DD) 0.89%

McDonald's (NYSE:MCD) 0.84%

Intel (NASDAQ:INTC) 0.80%

Exxon Mobil (NYSE:XOM) 0.69%

In the broad market, energy and real estate led gains. Technology was also higher with the S&P 500 technology sector gaining 0.22%.

Small-cap stocks

In small-caps, the Russell 2000 Index closed at 1,497.96 for a gain of 3.05 points or 0.20%. The S&P 600 Index closed at 902.74 for a gain of 1.86 points or 0.21%. The Dow Jones Small-Cap Growth TSM Index closed at 9,143.29 for a gain of 28.57 points or 0.31%. The Dow Jones Small-Cap Value TSM Index closed at 10,006.89 for a gain of 24.13 points or 0.24%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,843.36 for a gain of 7.38 points or 0.40%; the S&P 100 Index at 1,143.77 for a gain of 0.36 points or 0.03%; the Russell 3000 Index at 1,534.62 for a gain of 2.34 points or 0.15%; the Russell 1000 Index at 1,436.01 for a gain of 2.13 points or 0.15%; and the Dow Jones U.S. Select Dividend Index at 678.42 for a loss of -0.08 points or -0.01%.

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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