The Dow Jones Industrial Average closed at 25,857.07 on Monday with a loss of -59.47 points or -0.23%. The S&P 500 closed at 2,877.13 for a gain of 5.45 points or 0.19%. The Nasdaq Composite closed at 7,924.16 for a gain of 21.62 points or 0.27%. The VIX Volatility Index was lower at 14.18 for a loss of -0.70 points or -4.70%.
Monday’s market movers
The U.S. and Canada continued their trade negotiations with no final agreement. Technology and industrials rebounded on Monday, helping U.S. market indexes to end higher after a four-day decline following the Labor Day weekend. The S&P 500 technology sector gained 0.39% while the industrials sector reported a gain of 0.67%. United Technologies was up 1.48%, leading gains in the Dow Jones after the company announced a $437 million Pratt & Whitney contract modification.
Economic reports affecting market trading included the following:
- The Federal Reserve’s monthly Consumer Credit report showed an increase of $16.6 billion in outstanding credit, above consensus of $13.9 billion.
- The Treasury held auctions for three-month and six-month bills at the following rates: three-month 2.110%, six-month 2.265%.
In the Dow Jones Industrial Average, the following stocks led gains and losses for the day:
Gains
- Home Depot (HD, Financial) 2.23%
- Nike (NKE, Financial) 2.21%
- United Technologies (UTX, Financial) 1.48%
Losses
- UnitedHealth (UNH, Financial) -3.15%
- Boeing (BA, Financial) -2.01%
- Travelers (TRV, Financial) -1.91%
Small-cap stocks
In small-caps, the Russell 2000 closed at 1,716.64 for a gain of 3.46 points or 0.20%. The S&P 600 closed at 10,82.59 for a gain of 1.44 points or 0.13%. The Dow Jones Small-Cap Growth TSM Index closed at 10,745.07 for a gain of 40.73 points or 0.38%. The Dow Jones Small-Cap Value TSM Index closed at 10,622.77 for a loss of -5.47 points or -0.05%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 2,031.04 for a gain of 3.79 points or 0.19%; the S&P 100 at 1,272.22 for a gain of 0.95 points or 0.07%; the Russell 3000 at 1,710.50 for a gain of 3.51 points or 0.21%; the Russell 1000 at 1,596.79 for a gain of 3.28 points or 0.21%; the Wilshire 5000 at 29,991.33 for a gain of 72.04 points or 0.24%; and the Dow Jones U.S. Select Dividend Index at 723.37 for a gain of 3.13 points or 0.43%.
