U.S. market indexes were higher on Friday. The Dow Jones Industrial Average closed at 24,190.90 for a gain of 330.44 points or 1.38%. The S&P 500 closed at 2,619.55 for a gain of 38.55 points or 1.49%. The Nasdaq Composite closed at 6,874.49 for a gain of 97.33 points or 1.44%. The VIX Volatility Index was lower at 29.40 for a loss of -4.06 points or -12.13%.
For the week, the Dow Jones reported a loss of -5.20%, the S&P 500 was down -5.16% and the Nasdaq Composite returned -5.15%.
Friday’s market movers
U.S. market indexes regained some of the week’s losses on Friday with a new Congressional spending bill helping stocks to gain. Sectors leading gains on Friday included technology and real estate.
Economic reports affecting market trading included the following:
- Congress passed a two-year $400 billion spending bill.
- Wholesale trade inventories increased 0.4% for the month.
- The Baker Hughes rig count increased to 1,300 from 1,288.
In the Dow Jones Industrial Average, the following stocks led gains:
- Nike (NKE, Financial) 4.78%
- American Express (AXP, Financial) 3.81%
- General Electric (GE, Financial) 3.70%
- Microsoft (MSFT, Financial) 3.68%
Small-cap stocks
In small-caps, the Russell 2000 Index closed at 1,480.42 for a gain of 16.62 points or 1.14%. The S&P 600 Index closed at 902.79 for a gain of 9.74 points or 1.09%. The Dow Jones Small-Cap Growth TSM Index closed at 9,133.64 for a gain of 76.96 points or 0.85%. The Dow Jones Small-Cap Value TSM Index closed at 9,678.35 for a gain of 112.32 points or 1.17%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,819.45 for a gain of 18.16 points or 1.01%; the S&P 100 Index at 1,157.03 for a gain of 14.75 points or 1.29%; the Russell 3000 Index at 1,544.63 for a gain of 19.37 points or 1.27%; the Russell 1000 Index at 1,447.99 for a gain of 18.76 points or 1.31%; and the Dow Jones U.S. Select Dividend Index at 674.05 for a gain of 9.66 points or 1.45%.
