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Julie Young
Julie Young
Articles (885) 

US Market Indexes Close Mostly Lower on Friday From Energy Selloff

Indexes report gains for the week

May 25, 2018 | About:

U.S. market indexes were mostly lower Friday. The Dow Jones Industrial Average closed at 24,753.09 for a loss of -58.67 points or -0.24%. The S&P 500 closed at 2,721.33 for a loss of -6.43 points or -0.24%. The Nasdaq Composite closed at 7,433.85 for a gain of 9.42 points or 0.13%. The VIX Volatility Index was higher at 13.22 for a gain of 0.69 points or 5.51%.

For the week, the Dow Jones gained 0.2%, the S&P 500 gained 0.3% and the Nasdaq Composite gained 1.1%. Year to date, the Dow Jones has gained 1.05%, the S&P 500 has gained 2.63% and the Nasdaq Composite has a return of 7.75%.

Friday’s market movers

A selloff in energy stocks led to broad market index losses on Friday as oil closed at new lows following discussions of increased production. Meanwhile, several sectors posted gains. The technology-focused Nasdaq Composite gained 0.13%. In the S&P 500, consumer sectors reported gains with some strong earnings reports from retail companies over the week. Real estate led gains in the S&P 500 on Friday with a sector return of 0.48%, followed by consumer discretionary with a gain of 0.21% and consumer staples with a gain of 0.14%.

Economic reports affecting market trading included the following:

  • New orders for durable goods decreased -1.7% for the month.
  • The University of Michigan’s Consumer Sentiment Index decreased to 98.0.
  • The Baker Hughes rig count showed an increase of 11 rigs across North America with a total rig count of 1,140.

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

Gains

Losses

Small-cap stocks

In small-caps, the Russell 2000 closed at 1,626.77 for a loss of -1.46 points or -0.09%. The S&P 600 closed at 1,004.64 for a loss of -0.46 points or -0.05%. The Dow Jones Small-Cap Growth TSM Index closed at 10,067.78 for a loss of -10.80 points or -0.11%. The Dow Jones Small-Cap Value TSM Index closed at 10,306.45 for a loss of -19.17 points or -0.19%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,946.89 for a loss of -4.66 points or -0.24%; the S&P 100 at 1,194.53 for a loss of -3.15 points or -0.26%; the Russell 3000 at 1,618.01 for a loss of -3.37 points or -0.21%; the Russell 1000 at 1,510.27 for a loss of -3.31 points or -0.22%; and the Dow Jones U.S. Select Dividend Index at 696.42 for a loss of -2.48 points or -0.35%.

About the author:

Julie Young
Julie Young is a financial journalist with comprehensive experience in the financial services industry. She primarily writes about 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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