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Julie Young
Julie Young
Articles (984) 

US Market Indexes Mostly Higher Tuesday

Dow Jones closes at 24,360.21

May 08, 2018 | About:

U.S. market indexes were mostly higher on Tuesday. The Dow Jones Industrial Average closed at 24,360.21 for a gain of 2.89 points or 0.01%. The S&P 500 closed at 2,671.92 for a loss of -0.71 points or -0.03%. The Nasdaq Composite closed at 7,266.90 for a gain of 1.69 points or 0.02%. The VIX Volatility Index was lower at 14.71 for a loss of -0.04 points or -0.27%.

Tuesday’s market movers

Political news kept stocks from trading higher on Tuesday. President Donald Trump reported the U.S. would be exiting a 2015 Iran nuclear deal, which also caused oil prices to trade lower for the day. Energy stocks managed to lead the day’s gains despite the news with the S&P 500 energy sector up 0.78%. Utilities stocks led losses for the day with the S&P 500 utilities sector down -2.50%.

The NFIB Small Business Optimism Index report was the only major economic news release on Tuesday. The NFIB Small Business Optimism Index increased to 104.8.

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

Small-cap stocks

In small-caps, the Russell 2000 closed at 1,586.39 for a gain of 7.44 points or 0.47%. The S&P 600 closed at 974.77 for a gain of 8.28 points or 0.86%. The Dow Jones Small-Cap Growth TSM closed at 9,820.52 for a gain of 51.96 points or 0.53%. The Dow Jones Small-Cap Value TSM closed at 10,086.56 for a gain of 28.67 points or 0.29%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,913.91 for a gain of 5.99 points or 0.31%; the S&P 100 at 1,173.77 for a loss of -0.49 points or -0.04%; the Russell 3000 at 1,588.06 for a gain of 0.62 points or 0.04%; the Russell 1000 at 1,483.14 for a gain of 0.04 points or 0.01%; and the Dow Jones U.S. Select Dividend Index at 684.10 for a loss of -4.86 points or -0.71%.

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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