The Dow Jones Industrial Average closed at 24,307.18 on Monday with a gain of 35.77 points or 0.15%. The S&P 500 closed at 2,726.71 for a gain of 8.34 points or 0.31%. The Nasdaq Composite closed at 7,567.69 for a gain of 57.38 points or 0.76%. The VIX Volatility Index was lower at 15.62 for a loss of -0.47 points or -2.92%.
Monday’s market movers
Technology stocks helped U.S. market indexes to gain on Monday. The S&P 500 technology sector gained 0.78%. All other sectors in the S&P 500 also gained except materials, real estate, consumer staples and energy. Across the broad market, top contributors for the day included Apple (AAPL, Financial), Microsoft (MSFT, Financial), Nvidia (NVDA, Financial) and Viking Therapeutics (VKTX, Financial).
Economic reports affecting market trading included the following:
- The Purchasing Managers' Manufacturing Index decreased to 55.4 from 56.4.
- The Institute for Supply Management’s Manufacturing Index increased to 60.2 from 58.7.
- Construction spending increased 0.4% for the month and 4.5% for the year.
- The Treasury held auctions for the following: Three-Month Bill Auction: 1.940%; Six-Month Bill Auction: 2.085%; Four-Week Bill Auction: 1.860%.
In the Dow Jones Industrial Average, the following stocks led gains:
- Microsoft (MSFT, Financial) 1.13%
- Goldman Sachs (GS, Financial) 1.11%
- Apple (AAPL, Financial) 1.02%
- American Express (AXP, Financial) 0.91%
- JPMorgan (JPM, Financial) 0.65%
Small-cap stocks
In small-caps, the Russell 2000 closed at 1,653.59 for a gain of 10.52 points or 0.64%. The S&P 600 closed at 1,027.26 for a gain of 9.88 points or 0.97%. The Dow Jones Small-Cap Growth TSM Index closed at 10,211.24 for a gain of 63.63 points or 0.63%. The Dow Jones Small-Cap Value TSM Index closed at 10,362.66 for a gain of 38.05 points or 0.37%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,953.30 for a gain of 1.63 points or 0.08%; the S&P 100 at 1,199.12 for a gain of 4.62 points or 0.39%; the Russell 3000 at 1,624.26 for a gain of 5.27 points or 0.33%; the Russell 1000 at 1,514.33 for a gain of 4.37 points or 0.29%; and the Dow Jones U.S. Select Dividend Index at 699.67 for a loss of -0.32 points or -0.05%.
