US Market Indexes Close Mostly Flat, Continue Year-to-Date Gains

The Dow Jones Industrial Average closed at 26,458.31 on Friday with a gain of 18.38 points or 0.07%. The S&P 500 closed at 2,913.98 for a loss of -0.02 points or -0.01%. The Nasdaq Composite closed at 8,046.35 for a gain of 4.38 points or 0.05%. The VIX Volatility Index was lower at 12.31 for a loss of -0.10 points or -0.81%.

Year to date, the Nasdaq Composite has a gain of 17.02%, the S&P 500 has a gain of 10.35% and the Dow Jones has returned 8.45%.

Friday’s market movers

U.S. market indexes closed mostly flat on Friday. The Federal Reserve’s interest rate increase Wednesday helped to support a positive outlook on the economy while also boosting Treasury yields and drawing more investor attention to risk-off trades. Sectors leading gains for the year now include consumer discretionary and technology.

Economic reports affecting market trading included the following:

• The Personal Income and Outlays report was released on Friday. Monthly personal income increased 0.3%. The PCE Price Index reported an annual increase of 2.2%.
• The University of Michigan’s Consumer Sentiment Index increased to 100.1 from 96.2.
• The Baker Hughes North American rig count decreased to 1,232 from 1,250.

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

Gains

• Intel (INTC, Financial) 2.92%
• Boeing (BA, Financial) 1.30%

Losses

• General Electric (GE, Financial) -1.73%
• DowDuPont (DWDP, Financial) -1.72%

Small-cap stocks

In small-caps, the Russell 2000 closed at 1,695.83 for a gain of 5.30 points or 0.31%. The S&P 600 closed at 1,061.92 for a gain of 4.30 points or 0.41%. The Dow Jones Small-Cap Growth TSM Index closed at 10,615.34 for a gain of 35.15 points or 0.33%. The Dow Jones Small-Cap Value TSM Index closed at 10,365.51 for a gain of 27.63 points or 0.27%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 2,019.63 for a gain of 6.94 points or 0.34%; the S&P 100 at 1,294.25 for a loss of -1.07 points or -0.08%; the Russell 3000 at 1,726.50 for a gain of 0.67 points or 0.04%; the Russell 1000 at 1,614.51 for a gain of 0.20 points or 0.01%; the Wilshire 5000 at 30,259.97 for a gain of 9.10 points or 0.03%; and the Dow Jones U.S. Select Dividend Index at 714.70 for a gain of 3.66 points or 0.51%.