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Julie Young
Julie Young
Articles (989) 

US Market Indexes Start the Year Higher

S&P 500 and Nasdaq report closing highs

January 02, 2018 | About:

U.S. market indexes were higher on Tuesday. The Dow Jones Industrial Average closed at 24,824.01 for a gain of 104.79 points or 0.42%. The S&P 500 Index closed at 2,695.81 for a gain of 22.20 points or 0.83%. The Nasdaq Composite closed at 7,006.90 for a gain of 103.51 points or 1.50%. The VIX Volatility Index was lower for the day at 9.77 for a loss of -1.27 points or -11.50%.

Tuesday’s market movers

The S&P 500 and Nasdaq reported their first 2018 closing record highs on the first trading day of the year. Energy and technology stocks led gains. The S&P 500 energy sector gained 1.65% on Tuesday with OPEC oil prices gaining 0.47% and averaging $64.47 per barrel. The S&P 500 technology sector reported a daily gain of 1.24%.

The PMI Manufacturing Index was the only market moving report on the economic calendar Tuesday. The PMI Manufacturing Index was reported at 55.1, increasing from 53.9.

In the Dow Jones, the following stocks led gains:

Disney (NYSE:DIS) 3.99%

Intel (NASDAQ:INTC) 3.66%

General Electric (NYSE:GE) 3.04%

Chevron (NYSE:CVX) 1.91%

Apple (NASDAQ:AAPL) 1.79%

Exxon (NYSE:XOM) 1.66%

Small-cap stocks

In small-caps, the Russell 2000 Index closed at 1,550.01 for a gain of 14.50 points or 0.94%. The S&P 600 closed at 942.97 for a gain of 6.71 points or 0.72%. The Dow Jones Small-Cap Growth TSM Index closed at 9,528.53 for a gain of 101.58 points or 1.08%. The Dow Jones Small-Cap Value TSM Index closed at 10,293.12 for a gain of 61.45 points or 0.60%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,917.36 for a gain of 16.79 points or 0.88%; the S&P 100 Index at 1,193.55 for a gain of 10.40 points or 0.88%; the Russell 3000 Index at 1,595.87 for a gain of 13.10 points or 0.83%; the Russell 1000 Index at 1,493.93 for a gain of 12.12 points or 0.82%; and the Dow Jones U.S. Select Dividend Index at 706.86 for a gain of 0.94 points or 0.13%.

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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