The Dow Jones Industrial Average closed at 24,657.80 on Wednesday with a loss of -42.41 points or -0.17%. The S&P 500 closed at 2,767.32 for a gain of 4.73 points or 0.17%. The Nasdaq Composite closed at 7,781.51 for a gain of 55.93 points or 0.72%. The VIX Volatility Index was lower at 12.81 for a loss of -0.54 points or -4.04%.
Wednesday’s market movers
U.S. market indexes recovered from earlier week losses as trade concerns diminished while still showing some effects in the multinational Dow Jones index. Technology stocks also helped to fuel gains with the Nasdaq Composite closing at a new high. Top contributors for the day included Facebook (FB, Financial) and Tesaro (TSRO, Financial).
Economic reports affecting market trading included the following:
- The Mortgage Bankers Association’s mortgage applications index increased 5.1% for the week.
- The Current Account, showing international trade balances, reported a deficit of -$124.1 billion.
- Existing home sales decreased to a seasonally adjusted annual rate of 5.43 million.
- The EIA Petroleum Status report showed a decrease of -5.9 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 1,706.99 for a gain of 13.54 points or 0.80%. The S&P 600 closed at 1,052.40 for a gain of 7.27 points or 0.70%. The Dow Jones Mid-Cap Value TSM Index closed at 8,865.95 for a gain of 36.35 points or 0.41%. The Dow Jones Small-Cap Growth TSM Index closed at 10,565.19 for a gain of 78.80 points or 0.75%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 2,001.79 for a gain of 10.40 points or 0.52%; the S&P 100 at 1,215.29 for a gain of 2.05 points or 0.17%; the Russell 3000 at 1,652.45 for a gain of 4.34 points or 0.26%; the Russell 1000 at 1,538.81 for a gain of 3.32 points or 0.22%; and the Dow Jones U.S. Select Dividend Index at 702.00 for a gain of 0.35 points or 0.05%.
