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Julie Young
Julie Young
Articles (1026) 

US Market Indexes Close Higher on Thursday

Dow Jones closes at 24,895.21

March 08, 2018 | About:

U.S. market indexes were higher Thursday. The Dow Jones Industrial Average closed at 24,895.21 for a gain of 93.85 points or 0.38%. The S&P 500 closed at 2,738.97 for a gain of 12.17 points or 0.45%. The Nasdaq Composite closed at 7,427.95 for a gain of 31.30 points or 0.42%. The VIX Volatility Index was lower at 16.73 for a loss of -1.03 points or -5.80%.

Thursday’s market movers

The U.S. market’s three leading indexes gained on Thursday with a report showing plans for international tariffs that would exempt Mexico and Canada. President Trump’s international tariff plan also said other countries would have the ability to negotiate on the tariffs. Sectors leading gains for the day included consumer staples and utilities.

Economic reports affecting market trading included the following:

  • Jobless claims increased by 21,000 to 231,000.
  • The Quarterly Services Survey on information and technology-related service industries showed an increase in revenue of 1.3% for the fourth quarter and 6.5% for the year.

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

Small-cap stocks

In small-caps, the Russell 2000 closed at 1,571.97 for a loss of -2.57 points or -0.16%. The S&P 600 closed at 955.38 for a loss of -1.11 points or -0.12%. The Dow Jones Small-Cap Growth TSM Index closed at 9,802.13 for a gain of 1.08 points or 0.01%. The Dow Jones Small-Cap Value TSM Index closed at 10,000.84 for a loss of -46.31 points or -0.46%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,917.63 for a loss of -2.79 points or -0.15%; the S&P 100 at 1,207.88 for a gain of 6.02 points or 0.50%; the Russell 3000 at 1,621.24 for a gain of 5.91 points or 0.37%; the Russell 1000 at 1,517.90 for a gain of 6.19 points or 0.41%; and the Dow Jones U.S. Select Dividend Index at 688.77 for a gain of 0.11 points or 0.02%.

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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