The Dow Jones Industrial Average closed at 26,439.93 on Thursday for a gain of 54.65 points or 0.21%. The S&P 500 closed at 2,914.00 for a gain of 8.03 points or 0.28%. The Nasdaq Composite closed at 8,041.97 for a gain of 34.50 points or 0.43%. The VIX Volatility Index was lower at 12.42 for a loss of -0.47 points or -3.65%.
Thursday’s market movers
The technology sector helped stocks to rally on Thursday, ending a four-day losing streak. The Nasdaq’s top contributors included Apple (AAPL, Financial) and Tilray (TLRY, Financial).
Economic reports affecting market trading included the following:
- The goods trade balance had a deficit of -$75.8 billion.
- Jobless claims increased by 12,000 to 214,000.
- Corporate profits reported a 2.1% quarterly increase.
- The seasonally adjusted annual growth rate for gross domestic product in the second quarter was 4.2%.
- Durable goods orders reported a monthly increase of 4.5%.
- Wholesale inventories had a monthly increase of 0.8%.
- Pending home sales decreased -1.8% on a monthly basis.
In the Dow Jones Industrial Average, the following stocks led gains:
Small-cap stocks
In small-caps, the Russell 2000 closed at 1,690.53 for a loss of -1.08 points or -0.06%. The S&P 600 closed at 1,057.62 for a loss of -0.42 points or -0.04%. The Dow Jones Small-Cap Growth TSM Index closed at 10,580.19 for a loss of -3.75 points or -0.04%. The Dow Jones Small-Cap Value TSM Index closed at 10,337.88 for a loss of -35.52 points or -0.34%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 2,012.70 for a loss of -17.92 points or -0.88%; the S&P 100 at 1,295.34 for a gain of 5.26 points or 0.41%; the Russell 3000 at 1,725.85 for a gain of 4.16 points or 0.24%; the Russell 1000 at 1,614.33 for a gain of 4.30 points or 0.27%; the Wilshire 5000 at 30,251.23 for a gain of 79.32 points or 0.26%; and the Dow Jones U.S. Select Dividend Index at 711.04 for a gain of 0.35 points or 0.05%.
