U.S. market indexes were higher on Thursday. The Dow Jones Industrial Average closed at 24,739.53 for a gain of 196.99 points or 0.80%. The S&P 500 closed at 2,723.07 for a gain of 25.28 points or 0.94%. The Nasdaq Composite closed at 7,404.97 for a gain of 65.07 points or 0.89%. The VIX Volatility Index was lower at 13.23 for a loss of -0.19 points or -1.42%.
Thursday’s market movers
U.S. market indexes continued to gain on Thursday with the Dow Jones posting its sixth consecutive positive day. Technology stocks continued to rally and a steady reading on inflation from the Consumer Price Index report also helped investor confidence. In the S&P 500, utilities led gains for the day with the sector posting an increase of 1.41%, while the technology sector followed closely behind with a 1.30% gain.
Economic reports affecting market trading included the following:
- The Consumer Price Index reported a 0.2% monthly gain and a 2.5% annual gain. The core Consumer Price Index minus food and energy posted a 2.1% annual gain.
- Jobless claims were unchanged for the week, keeping the total number of initial claims at 211,000.
- The Fed balance sheet was also released with a total asset level of $4.358 trillion, increasing $2.1 billion from the previous week.
In the Dow Jones Industrial Average, the following stocks led gains:
Small-cap stocks
In small-caps, the Russell 2000 closed at 1,603.71 for a gain of 7.66 points or 0.48%. The S&P 600 closed at 985.78 for a gain of 5.65 points or 0.58%. The Dow Jones Small-Cap Growth TSM Index closed at 9,951.04 for a gain of 58.13 points or 0.59%. The Dow Jones Small-Cap Value TSM Index closed at 10,205.20 for a gain of 51.11 points or 0.50%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,937.91 for a gain of 14.02 points or 0.73%; the S&P 100 at 1,197.16 for a gain of 11.47 points or 0.97%; the Russell 3000 at 1,616.38 for a gain of 13.80 points or 0.86%; the Russell 1000 at 1,510.45 for a gain of 13.37 points or 0.89%; and the Dow Jones U.S. Select Dividend Index at 693.04 for a gain of 6.15 points or 0.90%.
