The Dow Jones Industrial Average closed at 24,575.62 on Wednesday with a gain of 171.14 points or 0.70%. The S&P 500 closed at 2,638.70 for a gain of 5.80 points or 0.22%. The Nasdaq Composite closed at 7,025.77 for a gain of 5.41 points or 0.08%. The VIX Volatility Index was lower at 19.61 for a loss of 1.19 points or -5.72%.
Wednesday's market movers
U.S. market indexes rebounded after falling Tuesday. Strong earnings reports helped to fuel gains. However, the continued government shutdown and uncertainty in China capped returns. United Technologies and Procter & Gamble both beat earnings estimates, leading gains in the Dow Jones. Other top earnings gainers included Synchrony Financial (SYF, Financial) and Comcast (CMCSA, Financial). In the S&P 500, consumer staples and utilities led gains.
Economic reports affecting market trading included the following:
- The Mortgage Bankers Association's Mortgage Applications Index decreased 2.7%.
- The House Price Index increased 0.4% in November.
In the Dow Jones Industrial Average, the following stocks led gains:
- IBM (IBM, Financial) 8.60%
- United Technologies (UTX, Financial) 5.25%
- Procter & Gamble (PG, Financial) 4.58%
Small-cap stocks
In small caps, the Russell 2000 closed at 1,454.26 for a loss of 3.20 points or -0.22%. The S&P 600 closed at 907.18 for a loss of 1.78 points or -0.20%. The Dow Jones Small-Cap Growth TSM Index closed at 9,098.86 for a loss of 24.11 points or -0.26%. The Dow Jones Small-Cap Value TSM Index closed at 9,270.77 for a loss of 8.35 points or -0.09%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,786.64 for a loss of 2.78 points or -0.16%; the S&P 100 at 1,167.81 for a gain of 4.00 points or 0.34%; the Russell 3000 at 1,555.10 for a gain of 2.42 points or 0.16%; the Russell 1000 at 1,459.95 for a gain of 2.70 points or 0.19%; the Wilshire 5000 at 27,256.91 for a gain of 42.43 points or 0.16%; and the Dow Jones U.S. Select Dividend Index at 667.29 for a gain of 2.50 points or 0.38%.
