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Julie Young
Julie Young
Articles (1027) 

US Market Indexes Gain on Thursday

Dow Jones closes at 24,782.29

December 21, 2017 | About:

U.S. market indexes were higher on Thursday. The Dow Jones Industrial Average closed at 24,782.29 for a gain of 55.64 points or 0.23%. The S&P 500 closed at 2,684.57 for a gain of 5.32 points or 0.20%. The Nasdaq Composite closed at 6,965.36 for a gain of 4.40 points or 0.06%. The VIX Volatility Index was lower at 9.59 for a loss of -0.13 points or -1.34%.

Thursday’s market movers

Energy stocks led the day’s gains. Stocks also pushed higher with a positive outlook on tax reform.

Economic reports affecting market trading on Thursday included the following:

  • The final third quarter report on GDP showed a seasonally adjusted annual growth rate of 3.2%.
  • Corporate profits increased 9.8% year over year.
  • Jobless claims increased by 20,000 to 245,000.
  • The Chicago Fed National Activity Index decreased to 0.15 from 0.76.
  • The FHFA House Price Index increased 0.5% in October and 6.6% for the year.
  • The Index of Leading Economic Indicators increased 0.4% in November, following a prior-month increase of 1.2%.

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

Chevron (NYSE:CVX) 3.25%

Nike (NYSE:NKE) 2.42%

Goldman Sachs (NYSE:GS) 2.28%

JPMorgan (NYSE:JPM) 1.59%

Small-cap stocks

In small-caps, the Russell 2000 Index closed at 1,547.11 for a gain of 7.03 points or 0.46%. The S&P 600 closed at 942.16 for a gain of 3.96 points or 0.42%. The Dow Jones Small-Cap Growth TSM Index closed at 9,469.20 for a gain of 41.49 points or 0.44%. The Dow Jones Small-Cap Value TSM Index closed at 10,297.01 for a gain of 49.86 points or 0.49%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,905.18 for a gain of 5.22 points or 0.27%; the S&P 100 Index at 1,190.39 for a gain of 3.82 points or 0.32%; the Russell 3000 Index at 1,589.03 for a gain of 3.61 points or 0.23%; the Russell 1000 Index at 1,487.23 for a gain of 3.10 points or 0.21%; and the Dow Jones U.S. Select Dividend Index at 703.32 for a loss of -0.03 points or -0.01%.

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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