U.S. market indexes were higher Thursday. The Dow Jones Industrial Average closed at 24,322.34 for a gain of 238.51 points or 0.99%. The S&P 500 closed at 2,666.94 for a gain of 27.54 points or 1.04%. The Nasdaq Composite closed at 7,118.68 for a gain of 114.94 points or 1.64%. The VIX Volatility Index was lower at 16.44 for a loss of -1.40 points or -7.85%.
Thursday’s market movers
U.S. market indexes reported a strong day of gains, regaining some of the month’s losses. Sectors leading gains included technology and consumer discretionary.
Economic reports affecting market trading included the following:
- Durable goods orders increased 2.6% for the month.
- International trade in goods reported a -$68.0 billion deficit.
- Jobless claims decreased by 24,000 for the week to 209,000.
- Retail inventories decreased -0.4% for the month.
- Wholesale inventories increased 0.5% for the month.
- The Fed balance sheet level was reported at $4.386 trillion.
- Mortgage rates increased for the week. The 30-year fixed-rate mortgage average increased to 4.58% and the 15-year fixed-rate mortgage average increased to 4.02%.
In the Dow Jones Industrial Average, the following stocks led gains:
Small-cap stocks
In small-caps, the Russell 2000 closed at 1,557.51 for a gain of 7.04 points or 0.45%. The S&P 600 closed at 958.70 for a gain of 3.67 points or 0.38%. The Dow Jones Small-Cap Growth TSM Index closed at 9,613.78 for a gain of 59.40 points or 0.62%. The Dow Jones Small-Cap Value TSM Index closed at 10,023.86 for a gain of 15.35 points or 0.15%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,895.28 for a gain of 7.27 points or 0.39%; the S&P 100 at 1,169.46 for a gain of 14.08 points or 1.22%; the Russell 3000 at 1,581.64 for a gain of 15.33 points or 0.98%; the Russell 1000 at 1,478.88 for a gain of 14.93 points or 1.02%; and the Dow Jones U.S. Select Dividend Index at 692.99 for a gain of 4.55 points or 0.66%.
