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Julie Young
Julie Young
Articles (989) 

US Market Indexes Gain on Friday

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

U.S. market indexes were higher Friday. The Dow Jones Industrial Average closed at 25,803.19 for a gain of 228.46 points or 0.89%. The S&P 500 Index closed at 2,786.24 for a gain of 18.68 points or 0.67%. The Nasdaq Composite closed at 7,261.06 for a gain of 49.28 points or 0.68%. The VIX Volatility Index was higher for the day at 10.16 for a gain of 0.28 points or 2.83%.

For the week, the Dow Jones gained 2.0%, the S&P 500 gained 1.56% and the Nasdaq Composite gained 1.72%.

Friday’s market movers

The leading large-cap indexes reported another day of new highs on Friday. Banks began reporting earnings this week. Investors also continued to have a positive outlook on tax reform affects.

Economic reports affecting market trading included the following:

  • The Consumer Price Index increased 0.1% for the month and 2.1% for the year.
  • Retail sales increased 0.4% for the month.
  • Business inventories increased 0.4%.
  • The Baker Hughes rig count increased to 1,215 from 1,098.

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

In the broad market, consumer discretionary and energy led gains. Financial stocks were also higher with earnings reports from JPMorgan and Wells Fargo (NYSE:WFC).

Small-cap stocks

In small-caps, the Russell 2000 Index closed at 1,591.97 for a gain of 5.18 points or 0.33%. The S&P 600 Index closed at 969.17 for a gain of 3.56 points or 0.37%. The Dow Jones Small-Cap Growth TSM Index closed at 9,828.97 for a gain of 39.64 points or 0.40%. The Dow Jones Small-Cap Value TSM Index closed at 10,481.93 for a gain of 14.41 points or 0.14%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,965.97 for a gain of 5.29 points or 0.27%; the S&P 100 Index at 1,234.55 for a gain of 8.73 points or 0.71%; the Russell 3000 Index at 1,647.37 for a gain of 9.99 points or 0.61%; the Russell 1000 Index at 1,542.77 for a gain of 9.71 points or 0.63%; and the Dow Jones U.S. Select Dividend Index at 718.99 for a gain of 3.03 points or 0.42%.

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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