The Dow Jones Industrial Average closed at 26447.05 on Friday with a loss of -180.43 points or -0.68%. The S&P 500 closed at 2885.57 for a loss of -16.04 points or -0.55%. The Nasdaq Composite closed at 7788.45 for a loss of -91.06 points or -1.16%. The VIX Volatility Index was higher at 14.98 for a gain of 0.76 points or 5.34%.
For the week, the Nasdaq reported a loss of -3.22%, the S&P 500 was down -1% and the Dow Jones was mostly unchanged.
Year to date, the Nasdaq now has a gain of 14.74% followed by the S&P 500 with a gain of 9.88% and the Dow Jones with a return of 9.27%.
Friday’s market movers
U.S. market indexes closed lower again for a second day on Friday with rising Treasury yields and risk-off trading continuing to be a factor for losses. The 10-year Treasury yield reached a high of 3.227% while the 30-year Treasury yield was reported at 3.396%. Sectors leading losses for the day included technology and consumer discretionary.
In single stock news Friday:
- Myers Industries (MYE, Financial) led losses on the NYSE after reporting interim third quarter results.
- LendingTree (TREE, Financial) gained 3.68% to $218.39 after reporting details on its acquisition of QuoteWizard.com.
Economic reports affecting market trading included the following:
- The Commerce Department’s September Employment Situation report was released showing payrolls increasing by 134,000 and the unemployment rate decreasing to 3.7%.
- Global trade reported a deficit of -$53.2 billion in August.
- Consumer credit increased $20 billion in August.
- The Baker Hughes North American rig count increased to 1,234.
In the Dow Jones Industrial Average, the following stocks led losses:
- Intel (INTC, Financial) -2.25%.
- Caterpillar (CAT, Financial) -2.19%.
- Apple (AAPL, Financial) -1.73%.
Small-cap stocks
In small-caps, the Russell 2000 closed at 1632.11 for a loss of -14.80 points or -0.90%. The S&P 600 closed at 1020.67 for a loss of -11.12 points or -1.08%. The Dow Jones Small-Cap Growth TSM Index closed at 10206.18 for a loss of -101.78 points or -0.99%. The Dow Jones Small-Cap Value TSM Index closed at 10144.17 for a loss of -57.39 points or -0.56%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1967.98 for a loss of -14.11 points or -0.71%; the S&P 100 at 1283.34 for a loss of -8.19 points or -0.63%; the Russell 3000 at 1703.04 for a loss of -10.35 points or -0.60%; the Russell 1000 at 1595.82 for a loss of -9.32 points or -0.58%; the Wilshire 5000 at 29823.03 for a loss of -182.68 points or -0.61%; and the Dow Jones US Select Dividend Index at 718.08 for a gain of 1.55 points or 0.22%.
