U.S. market indexes were mixed on Wednesday. The Dow Jones Industrial Average closed at 24585.43 for a gain of 80.63 points or 0.33%. The S&P 500 closed at 2662.85 for a loss of -1.26 points or -0.05%. The Nasdaq Composite closed at 6875.80 for a gain of 13.48 points or 0.20%. The VIX Volatility Index was higher for the day at 10.18 for a gain of 0.26 points or 2.62%.
Wednesday’s market movers
The Dow Jones reported another closing high on Wednesday while other U,S, market indexes were mixed. Consumer staples and industrial stocks led gains. Financial and energy stocks led losses. Technology stocks in the S&P 500 were higher for the day with the S&P 500 sector gaining 0.03%.
Economic reports affecting market trading included the following:
- The Federal Open Market Committee increased its federal funds rate to 1.25% to 1.50% following its two-day policy meeting.
- The Mortgage Bankers Association’s mortgage applications index decreased by -2.3% for the week.
- The Consumer Price Index increased 0.4% for the week and 2.2% for the year.
In the Dow Jones Industrial Average, the following stocks led gains:
Caterpillar (CAT, Financial) 3.59%
Coca-Cola (KO, Financial) 1.35%
Procter & Gamble (PG, Financial) 1.15%
Wal-Mart (WMT, Financial) 1.10%
UnitedHealth (UNH, Financial) 0.84%
Small-cap stocks
In small-caps, the Russell 2000 Index closed at 1524.45 for a gain of 8.33 points or 0.55%. The S&P 600 closed at 927.62 for a gain of 4.27 points or 0.46%. The Dow Jones Small-Cap Growth TSM Index closed at 9315.17 for a gain of 49.17 points or 0.53%. The Dow Jones Small-Cap Value TSM Index closed at 10183.35 for a gain of 1.03 points or 0.01%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1883.77 for a loss of -0.17 points or -0.01%; the S&P 100 Index at 1180.24 for a loss of -0.23 points or -0.02%; the Russell 3000 Index at 1574.82 for a loss of -0.09 points or -0.01%; the Russell 1000 Index at 1474.63 for a loss of -0.75 points or -0.05%; and the Dow Jones US Select Dividend Index at 705.52 for a gain of 1.92 points or 0.27%.
