The Dow Jones Industrial Average closed at 24,065.59 on Tuesday with a gain of 155.75 points or 0.65%. The S&P 500 closed at 2,610.30 for a gain of 27.69 points or 1.07%. The Nasdaq Composite closed at 7,023.83 for a gain of 117.92 points or 1.71%. The VIX Volatility Index was lower at 18.22 for a loss of 0.85 points or -4.46%.
Tuesday's market movers
Stocks ended with gains Tuesday, regaining some ground to push year-to-date returns higher. For the year, the S&P 500 is now up 4.1%. A report from China on new stimulus plans to help their economy was a contributor for the day. Several detractors, however, capped gains. Internationally, the U.K. government voted against a Brexit plan proposed by Prime Minister Theresa May, which creates more uncertainty for Brexit and Europe. JPMorgan's (JPM, Financial) earnings also disappointed investors. The bank missed earnings per share estimates by 23 cents and revenue estimates by $100 million, with a 29% decrease in fixed-income results from the previous quarter. Across the industry, investors were also concerned with mortgage lending at the big banks and the prolonged government shutdown. On Tuesday, the government shutdown entered its 25th day with Democrats refusing to meet with the Trump administration for a lunch at the White House to discuss negotiations.
On the economic calendar Tuesday, the Producer Price Index was the only major report. The Index decreased 0.2% in December and increased 2.5% annually.
In the Dow Jones Industrial Average, the following stocks led gains:
- UnitedHealth (UNH, Financial) 3.37%
- Microsoft (MSFT, Financial) 2.82%
- Nike (NKE, Financial) 2.26%
- Apple (AAPL, Financial) 2.04%
Small-cap stocks
In small caps, the Russell 2000 closed at 1,445.05 for a gain of 12.23 points or 0.85%. The S&P 600 closed at 899.48 for a gain of 5.42 points or 0.61%. The Dow Jones Small-Cap Growth TSM Index closed at 9,030.99 for a gain of 85.44 points or 0.96%. The Dow Jones Small-Cap Value TSM Index closed at 9,138.70 for a gain of 31.22 points or 0.34%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,763.55 for a gain of 10.38 points or 0.59%; the S&P 100 at 1,156.59 for a gain of 12.64 points or 1.10%; the Russell 3000 at 1,537.71 for a gain of 14.70 points or 0.97%; the Russell 1000 at 1,443.15 for a gain of 14.00 points or 0.98%; the Wilshire 5000 at 26,850.62 for a gain of 277.48 points or 1.04%; and the Dow Jones U.S. Select Dividend Index at 659.50 for a gain of 3.80 points or 0.58%.
