The Dow Jones Industrial Average closed at 26,828.39 on Wednesday with a gain of 54.45 points or 0.20%. The S&P 500 closed at 2,925.51 for a gain of 2.08 points or 0.07%. The Nasdaq Composite closed at 8,025.09 for a gain of 25.54 points or 0.32%. The VIX Volatility Index was lower at 11.73 for a loss of -0.32 points or -2.66%.
Wednesday’s market movers
U.S. market indexes continued to show positive momentum with strong economic data reports and the final arrangements of a trilateral agreement with Canada. The Dow Jones reported another new closing high for its 15th in 2018 and is nearing the 27,000 milestone. Across the market sectors leading gains for the day included financial, energy, industrial and technology.
In single stock news Wednesday:
- Upwork (UPWK, Financial) began trading with its initial public offering at $15, reporting a 41.20% gain.
- PayPal (PYPL, Financial) announced news that it would incorporate payments with gas station retailers, reporting a 0.54% gain.
Economic reports affecting market trading included the following:
- The ADP employment report showed an increase of 230,000 in September, following an increase of 168,000.
- Markit services PMI for September increased to 53.5 from 52.9.
- The ISM Non-Manufacturing Business Activity Index for September increased to 65.2 from 60.7.
- The MBA Mortgage Applications Index was unchanged after a 2.9% increase in the previous week.
In the Dow Jones Industrial Average, the following stock led gains:
Small-cap stocks
In small-caps, the Russell 2000 closed at 1,671.79 for a gain of 15.75 points or 0.95%. The S&P 600 closed at 1,044.74 for a gain of 9.32 points or 0.90%. The Dow Jones Small-Cap Growth TSM Index closed at 10,472.65 for a gain of 88.74 points or 0.85%. The Dow Jones Small-Cap Value TSM Index closed at 10,277.87 for a gain of 74.06 points or 0.73%.
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Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 2,005.10 for a gain of 8.55 points or 0.43%; the S&P 100 at 1,303.13 for a gain of 1.57 points or 0.12%; the Russell 3000 at 1,729.83 for a gain of 3.36 points or 0.19%; the Russell 1000 at 1,619.82 for a gain of 2.16 points or 0.13%; the Wilshire 5000 at 30,306.31 for a gain of 51.30 points or 0.17%; and the Dow Jones U.S. Select Dividend Index at 716.70 for a loss of -1.66 points or -0.23%.
