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Julie Young
Julie Young
Articles (794) 

US Market Indexes Higher on Wednesday

Dow Jones closes at 24,893.49

February 14, 2018 | About:

U.S. market indexes were higher on Wednesday. The Dow Jones Industrial Average closed at 24,893.49 for a gain of 253.04 or 1.03%. The S&P 500 closed at 2,698.63 for a gain of 35.69 points or 1.34%. The Nasdaq Composite closed at 7,109.76 for a gain of 96.25 points or 1.37%. The VIX Volatility Index was lower at 19.27 for a loss of -5.70 points or -22.83%.

Wednesday’s market movers

U.S. market indexes reported a fourth day of consecutive gains on Wednesday. Consumer discretionary and technology stocks led gains.

Economic reports affecting market trading included the following:

  • The Mortgage Bankers Association’s mortgage applications index decreased by -4.1% for the week.
  • The Consumer Price Index increased 0.5% for the month and 2.1% for the year.
  • Retail sales reported a monthly decrease of -0.3%.
  • Business inventories reported a 0.4% monthly increase.
  • The EIA Petroleum Status Report showed an increase in oil inventory of 1.8 million barrels for the week.

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

Small-cap stocks

In small-caps, the Russell 2000 Index closed at 1,522.16 for a gain of 27.21 points or 1.82%. The S&P 600 Index closed at 929.29 for a gain of 16.55 points or 1.81%. The Dow Jones Small-Cap Growth TSM Index closed at 9,449.10 for a gain of 187.07 points or 2.02%. The Dow Jones Small-Cap Value TSM Index closed at 9,913.41 for a gain of 149.91 points or 1.54%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,878.26 for a gain of 34.53 points or 1.87%; the S&P 100 Index at 1,193.34 for a gain of 14.41 points or 1.22%; the Russell 3000 Index at 1,593.75 for a gain of 22.23 points or 1.41%; the Russell 1000 Index at 1,493.98 for a gain of 20.36 points or 1.38%; and the Dow Jones U.S. Select Dividend Index at 690.62 for a gain of 6.53 points or 0.95%.

About the author:

Julie Young
Julie Young is a financial journalist with comprehensive experience in the financial services industry. She primarily writes about 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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