The Dow Jones Industrial Average closed at 24,640.24 on Monday with a gain of 354.29 points or 1.46%. The S&P 500 closed at 2,673.45 for a gain of 40.89 points or 1.55%. The Nasdaq Composite closed at 7,081.85 for a gain of 142.87 points or 2.06%. The VIX Volatility Index was lower at 92.17 for a loss of 7.12 points or -7.17%.
Monday’s market movers
Stocks were higher Monday after a busy shopping weekend. Black Friday online U.S. sales totaled over $6 billion and Cyber Monday sales are expected to reach more than $1.5 billion. Oil prices were also higher.
In single stock news:
- Campbell Soup (CPB, Financial) said it would add two board members in an agreement with activist hedge fund Third Point.
- GM (GM, Financial) announced cost reduction measures, including a 15% decrease in its workforce and the closing of several plants.
In the S&P 500, technology and consumer discretionary led gains.
Economic reports affecting market trading included the following:
- The Chicago Fed National Activity Index increased to 0.24 in October from 0.14.
- The Treasury held the following auctions: three-month bill 2.370%, six-month bill 2.475% and two-year note 2.836%.
In the Dow Jones Industrial Average, the following stocks led gains:
- American Express (AXP, Financial) 3.74%
- Microsoft (MSFT, Financial) 3.25%
- Travelers (TRV, Financial) 2.86%
- Goldman Sachs (GS, Financial) 2.69%
- JPMorgan (JPM, Financial) 2.57%
Small-cap stocks
In small caps, the Russell 2000 closed at 1,505.96 for a gain of 17.28 points or 1.16%. The S&P 600 closed at 946.40 for a gain of 8.84 points or 0.94%. The Dow Jones Small-Cap Growth TSM Index closed at 9,360.43 for a gain of 125.62 points or 1.36%. The Dow Jones Small-Cap Value TSM Index closed at 9,615.07 for a gain of 88.19 points or 0.93%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,847.77 for a gain of 22.89 points or 1.25%; the S&P 100 at 1,180.46 for a gain of 19.06 points or 1.64%; the Russell 3000 at 1,577.84 for a gain of 23.82 points or 1.53%; the Russell 1000 at 1,478.98 for a gain of 22.75 points or 1.56%; the Wilshire 5000 at 27,618.79 for a gain of 422.22 points or 1.55%; and the Dow Jones U.S. Select Dividend Index at 683.73 for a gain of 7.94 points or 1.17%.
