1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Julie Young
Julie Young
Articles (1073) 

US Market Indexes Close Higher, Nasdaq Retreats

Dow Jones closes at 25,998.92 for a gain of 0.11%

The Dow Jones Industrial Average closed at 25,998.92 on Wednesday for a gain of 27.86 points or 0.11%. The S&P 500 closed at 2,888.92 for a gain of 1.03 points or 0.04%. The Nasdaq Composite closed at 7,954.23 for a loss of -18.24 points or -0.23%. The VIX Volatility Index was lower at 13.14 for a loss of -0.08 points or -0.61%.

Wednesday’s market movers

U.S. market indexes closed with mostly positive gains on Wednesday. Technology stocks and the Nasdaq were slightly lower. The Fed’s Beige Book showed a slightly improved status on economic growth. Meanwhile, the U.S. and Canada continued their trade negotiations and the Trump administration announced possible trade negotiation proposals with China, giving the country a chance to discuss factors involving trade before implementing another round of tariffs.

Across the broad market, the consumer staples, energy and industrial sectors led gains. Top contributors for the day included Liberty Oilfield Services (NYSE:LBRT) and Tilray (NASDAQ:TLRY). Apple (NASDAQ:AAPL) was a top detractor for the day, reporting a loss of -1.24%.

Economic reports affecting market trading included the following:

  • The Mortgage Bankers Association’s mortgage application index was down -1.8% for the week.
  • The Producer Price Index increased 2.8% annually and decreased -0.1% for the month.
  • The EIA Petroleum Status report showed a decrease of -5.3 million barrels in inventory for the week.
  • The Federal Reserve’s Beige Book upgraded the economy’s growth status to moderate from modest to moderate.
  • The Treasury held an auction for 10-year notes at a rate of 2.957%.

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

Small-cap stocks

In small-caps, the Russell 2000 closed at 1,715.70 for a loss of -2.71 points or -0.16%. The S&P 600 at 1,079.31 for a loss of -3.06 points or -0.28%. The Dow Jones Small-Cap Growth TSM Index closed at 10,769.26 for a loss of -8.20 points or -0.08%. The Dow Jones Small-Cap Value TSM Index closed at 10,578.96 for a loss of -31.28 points or -0.29%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 2,036.19 for a gain of 1.34 points or 0.07%; the S&P 100 at 1,279.43 for a gain of 0.36 points or 0.03%; the Russell 3000 at 1,716.83 for a gain of 0.43 points or 0.03%; the Russell 1000 at 1,603.26 for a gain of 0.65 points or 0.04%; the Wilshire 5000 at 30,117.06 for a gain of 13.51 points or 0.04%; and the Dow Jones U.S. Select Dividend Index at 725.12 for a gain of 2.19 points or 0.30%.

About the author:

Julie Young
Julie Young is a financial writer with comprehensive experience in the financial services industry. She writes about investments, investment products, financial market news and economic trends. Julie has a Master of Science in finance from Boston College and a Bachelor of Science in finance from the University of Arkansas.

Rating: 0.0/5 (0 votes)

Comments

Please leave your comment:


Performances of the stocks mentioned by Julie Young


User Generated Screeners


Stephen NeumeierGreenblatt Low Beta
ntelumRUSMIN ANG
DANGORDONOPER MARGIN OVER 20%
DBrizannoDiv19feb2019
jbucheliHighly Leveraged
jbostwickosv growth 50% gpa MidCAP Best
crmaasteste2
mgr1929Start%20screening%20here
pbarker46Start screening here
tnavasardianNA high yield
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK