U.S. market indexes were lower Friday. The Dow Jones Industrial Average closed at 23358.24 for a loss of -100.12 points or -0.43%. The S&P 500 closed at 2578.85 for a loss of -6.79 points or -0.26%. The Nasdaq Composite closed at 6782.79 for a loss of -10.50 points or -0.15%. The VIX Volatility Index was lower for the day at 11.43 with a loss of -0.33 points or -2.81%.
U.S. market indexes were also mostly lower for the week. The Dow Jones was down -0.28%, the S&P 500 was down -0.14% and the Nasdaq Composite gained 0.47%.
Friday’s Market Movers
Tax reform uncertainty kept stocks mostly lower for the week.
Economic reports affecting market trading included the following:
- Housing starts were reported at a seasonally adjusted average of 1.29 million, gaining from 1.135 million.
- The seasonally adjusted annual rate for e-commerce retail sales was reported at 3.6%.
- The Baker Hughes rig count increased to 1123 from 1110.
In the Dow Jones Industrial Average, the following stocks led gains:
Verizon Communications (VZ, Financial) 1.45%
Home Depot (HD, Financial) 0.14%
American Express (AXP, Financial) 0.14%
In the broad market, energy and consumer discretionary stocks led gains. Technology was lower with the S&P 500 technology sector down -0.64%.
Small-Cap Stocks
In small-caps, the Russell 2000 Index closed at 1492.82 for a gain of 5.94 points or 0.40%. The S&P 600 closed at 908.91 for a gain of 3.68 points or 0.41%. The Dow Jones Small-Cap Growth TSM Index closed at 9097.20 for a gain of 34.51 points or 0.38%. The Dow Jones Small-Cap Value TSM Index closed at 9981.11 for a gain of 38.52 points or 0.39%.
Other Notable Indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1840.74 for a gain of 4.35 points or 0.24%; the S&P 100 at 1135.35 for a loss of -4.56 points or -0.40%; the Russell 3000 at 1528.33 for a loss of -2.20 points or -0.14%; the Russell 1000 at 1430.05 for a loss of -2.70 points or -0.19%; and the Dow Jones US Select Dividend Index at 680.60 for a loss of -0.10 points or -0.01%.
