The Dow Jones Industrial Average closed at 24,984.55 on Thursday with a gain of 401.13 points or 1.63%. The S&P 500 closed at 2,705.57 for a gain of 49.47 points or 1.86%. The Nasdaq Composite closed at 7,318.34 for a gain of 209.94 points or 2.95%. The VIX Volatility Index was lower at 23.86 for a loss of -1.37 points or -5.43%.
Thursday’s market movers
U.S. market indexes closed with gains after six consecutive days of closing losses. Crescent Point Energy Corp. (CPG, Financial) led the day’s earnings gainers with a 3 cent earnings per share beat and a stock gain of 16.48%. Twitter (TWTR, Financial) was also in the earnings spotlight with a 7 cent earnings beat and a gain of 15.47%. Investors will also be watching Amazon (AMZN, Financial), Alphabet (GOOG, Financial) and Intel’s after-hours earnings reports.
Economic reports affecting market trading included the following:
- Jobless claims increased to 215,000.
- Durable goods orders increased 0.8% in September.
- Wholesale inventories increased 0.3% in September.
- The Pending Home Sales Index increased 0.5% in September.
- The Treasury held a seven-year note auction at a rate of 3.074%.
In the Dow Jones Industrial Average, the following stocks led gains:
Small-cap stocks
In small-caps, the Russell 2000 closed at 1,500.40 for a gain of 31.70 points or 2.16%. The S&P 600 closed at 941.26 for a gain of 20.27 points or 2.20%. The Dow Jones Small-Cap Growth TSM Index closed at 9,332.42 for a gain of 197.99 points or 2.17%. The Dow Jones Small-Cap Value TSM Index closed at 9,423.29 for a gain of 159.71 points or 1.72%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,814.40 for a gain of 25.38 points or 1.42%; the S&P 100 at 1,211.11 for a gain of 25.33 points or 2.14%; the Russell 3000 at 1,592.21 for a gain of 29.30 points or 1.87%; the Russell 1000 at 1,493.95 for a gain of 27.17 points or 1.85%; the Wilshire 5000 at 27,897.46 for a gain of 518.50 points or 1.89%; and the Dow Jones U.S. Select Dividend Index at 684.49 for a gain of 3.78 points or 0.56%.
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