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Julie Young
Julie Young
Articles (988) 

US Market Indexes Close Higher on Friday, Gain for the Week

S&P 500 and Nasdaq Composite reach new highs

U.S. market indexes were higher on Friday. The Dow Jones Industrial Average closed at 23557.99 for a gain of 31.81 points or 0.14%. The S&P 500 closed at 2602.42 for a gain of 5.34 points or 0.21%. The Nasdaq Composite closed at 6889.16 for a gain of 21.80 points or 0.32%. The VIX Volatility Index was lower at 9.65 for a loss of -0.23 points or -2.33%.

For the week, the Dow Jones gained 0.86%. The S&P 500 gained 0.93% and the Nasdaq Composite gained 1.57%.

Friday’s market movers

Technology and small cap stocks helped valuations on Friday. The S&P 500 and Nasdaq Composite closed at new highs on Friday. The Russell 2000 Index also reported a new closing high. Amazon (NASDAQ:AMZN) stock led gains on Friday with an increase of $29.84 or 2.58%.

The Composite Purchasing Managers' Index was the only leading economic report on the calendar for Friday. The Index decreased to 54.6 from 55.7.

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

Visa (NYSE:V) 1.04%

DuPont (NYSE:DD) 0.89%

UnitedHealth (NYSE:UNH) 0.61%

Chevron (NYSE:CVX) 0.52%

Johnson & Johnson (NYSE:JNJ) 0.52%

Nike (NYSE:NKE) 0.42%

Exxon Mobil (NYSE:XOM) 0.39%

In the broad market, technology led gains. The S&P 500 technology sector increased 0.56% on Friday.

Small-cap stocks

In small-caps, the Russell 2000 Index closed at 1519.16 for a gain of 2.40 points or 0.16%. The S&P 600 closed at 927.25 for a gain of 1.37 points or 0.15%. The Dow Jones Small-Cap Growth TSM Index closed at 9267.54 for a gain of 24.28 points or 0.26%. The Dow Jones Small-Cap Value TSM Index closed at 10085.56 for a loss of -9.92 points or -0.10%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1859.19 for a gain of 1.28 points or 0.07%; the S&P 100 Index at 1146.98 for a gain of 2.48 points or 0.22%; the Russell 3000 Index at 1543.75 for a gain of 3.06 points or 0.20%; the Russell 1000 Index at 1443.59 for a gain of 2.91 points or 0.20%; and the Dow Jones US Select Dividend Index at 682.39 for a loss of -0.38 points or -0.06%.

About the author:

Julie Young
Julie Young is a financial writer with comprehensive experience in the financial services industry. She writes about investments, investment products, 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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