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Julie Young
Julie Young
Articles (989) 

US Market Indexes Higher on Thursday

Dow Jones, S&P 500 and Nasdaq Composite close at new highs

January 11, 2018 | About:

U.S. market indexes were higher on Thursday. The Dow Jones Industrial Average closed at 25,574.73 for a gain of 205.60 points or 0.81%. The S&P 500 closed at 2,767.56 for a gain of 19.33 points or 0.70%. The Nasdaq Composite Index closed at 7,211.78 for a gain of 58.21 points or 0.81%. The VIX Volatility Index was higher for the day at 9.88 for a gain of 0.06 points or 0.61%.

Thursday’s market movers

Stocks regained on Thursday with all three leading large-cap indexes reporting new record highs. Energy stocks led gains for the day. The S&P 500 energy sector gained 2.05%.

Economic reports affecting market trading included the following:

  • Jobless claims increased by 11,000 to 261,000.
  • The Producer Price Index decreased -0.1% for the month and increased 2.6% for the year.
  • Mortgage rates increased for the week. The Freddie Mac weekly mortgage market survey reported the 30-year fixed-rate mortgage averaged at 3.99%, up from 3.95%. The 15-year fixed-rate mortgage averaged 3.44%, up from 3.38%.

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

Small-cap stocks

In small-caps, the Russell 2000 Index closed at 1,586.79 for a gain of 26.99 points or 1.73%. The S&P 600 Index closed at 965.61 for a gain of 17.28 points or 1.82%. The Dow Jones Small-Cap Growth TSM Index closed at 9,789.33 for a gain of 163.68 points or 1.70%. The Dow Jones Small-Cap Value TSM Index closed at 10,467.52 for a gain of 158.83 points or 1.54%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,960.68 for a gain of 27.42 points or 1.42%; the S&P 100 Index at 1,225.82 for a gain of 7.87 points or 0.65%; the Russell 3000 Index at 1,637.38 for a gain of 13.42 points or 0.83%; the Russell 1000 Index at 1,533.06 for a gain of 11.46 points or 0.75%; and the Dow Jones U.S. Select Dividend Index at 715.96 for a gain of 6.53 points or 0.92%.

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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