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:
- Boeing (BA, Financial) 2.47%
- Cisco (CSCO, Financial) 1.92%
- Merck (MRK, Financial) 1.84%
- Travelers (TRV, Financial) 1.81%
- Microsoft (MSFT, Financial) 1.73%
- JPMorgan (JPM, Financial) 1.65%
In the broad market, consumer discretionary and energy led gains. Financial stocks were also higher with earnings reports from JPMorgan and Wells Fargo (WFC, Financial).
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%.
