U.S. market indexes were higher on Wednesday. The Dow Jones Industrial Average closed at 24,542.54 for a gain of 182.33 points or 0.75%. The S&P 500 closed at 2,697.79 for a gain of 25.87 points or 0.97%. The Nasdaq Composite closed at 7,339.91 for a gain of 73.00 points or 1.00%. The VIX Volatility Index was lower at 13.38 with a decrease of -1.33 points or -9.04%.
Wednesday’s market movers
U.S. market indexes continued their gains on Wednesday. Energy and technology were among the leading sectors. The S&P 500 energy sector reported a gain of 2.04% while the S&P 500 technology sector reported a gain of 1.23%.
Economic reports affecting market trading included the following:
- The Mortgage Bankers Association’s mortgage applications index reported a weekly decrease of -0.4%.
- The Producer Price Index reported a monthly increase of 0.1% and an annual increase of 2.6%.
- Wholesale inventories reported a 0.3% monthly increase.
- The EIA Petroleum Status report showed a decrease of -2.2 million barrels in oil inventory.
In the Dow Jones Industrial Average, the following stocks led gains:
Small-cap stocks
In small-caps, the Russell 2000 closed at 1,596.05 for a gain of 9.66 points or 0.61%. The S&P 600 closed at 980.13 for a gain of 5.36 points or 0.55%. The Dow Jones Small-Cap Growth TSM Index closed at 9,892.91 for a gain of 72.39 points or 0.74%. The Dow Jones Small-Cap Value TSM Index closed at 10,154.09 for a gain of 67.53 points or 0.67%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,923.89 for a gain of 9.98 points or 0.52%; the S&P 100 at 1,185.69 for a gain of 11.92 points or 1.02%; the Russell 3000 at 1,602.58 for a gain of 14.52 points or 0.91%; the Russell 1000 at 1,497.08 for a gain of 13.95 points or 0.94%; and the Dow Jones U.S. Select Dividend Index at 686.89 for a gain of 2.79 points or 0.41%.
