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Julie Young
Julie Young
Articles (1114) 

US Market Indexes Close Lower on Friday

Dow Jones closes at 24,360.14

U.S. market indexes were lower on Thursday. The Dow Jones Industrial Average closed at 24,360.14 for a loss of -122.91 points or -0.50%. The S&P 500 closed at 2,656.30 for a loss of -7.69 points or -0.29%. The Nasdaq Composite closed at 7,106.65 for a loss of -33.60 points or -0.47%. The VIX Volatility Index was lower at 17.41 for a loss of -1.08 points or -5.84%.

For the week, the Dow Jones gained 1.8%, the S&P 500 gained 2% and the Nasdaq Composite reported a return of 2.8%.

Thursday’s market movers

Stocks were lower Friday as global trade concerns overshadowed a positive start to the first quarter earnings season. JPMorgan (NYSE:JPM), Citigroup (NYSE:C) and Wells Fargo (NYSE:WFC) all reported first-quarter earnings that beat estimates.

Economic reports affecting market trading included the following:

  • The University of Michigan’s Consumer Sentiment Index decreased to 97.8 from 101.4.
  • The Baker Hughes rig count decreased to 1,110 from 1,114.

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

In the broad market, financials, consumer discretionary and technology led losses while energy and utilities led gains.

Small-cap stocks

In small-caps, the Russell 2000 closed at 1,549.51 for a loss of -7.82 points or -0.50%. The S&P 600 closed at 952.77 for a loss of -3.75 points or -0.39%. The Dow Jones Small-Cap Growth TSM Index closed at 9,614.12 for a loss of -51.36 points or -0.53%. The Dow Jones Small-Cap Value TSM Index closed at 9,881.22 for a loss of -34.30 points or -0.35%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,883.86 for a loss of -6.14 points or -0.32%; the S&P 100 at 1,167.50 for a loss of -3.29 points or -0.28%; the Russell 3000 at 1,574.59 for a loss of -5.10 points or -0.32%; the Russell 1000 at 1,472.42 for a loss of -4.55 points or -0.31%; and the Dow Jones U.S. Select Dividend Index at 684.80 for a gain of 1.43 points or 0.21%.

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 has a Master of Science in finance from Boston College and a Bachelor of Science in finance from the University of Arkansas.

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