The Dow Jones Industrial Average closed at 25,239.37 on Monday with a gain of 175.48 points or 0.70%. The S&P 500 closed at 2,724.86 for a gain of 18.33 points or 0.68%. The Nasdaq Composite closed at 7,347.54 for a gain of 83.67 points or 1.15%. The VIX Volatility Index was lower at 15.67 for a loss of 0.47 points or -2.91%.
Monday’s market movers
U.S. stock market indexes rallied for a fourth day, continuing gains after last week’s Federal Reserve meeting and strong jobs report. Technology stocks led on Monday ahead of Alphabet’s (GOOG, Financial)(GOOGL, Financial) earnings after the market’s close. Analysts are bullish on expectations for Alphabet with a positive outlook on advertising revenue. On Monday, the Nasdaq gained 1.15% and the S&P 500 technology sector was up 1.39%.
Economic reports affecting market trading included the following:
- Factory orders decreased 0.6% in November.
- The Treasury held auctions for three-month bills at a rate of 2.385% and six-month bills at a rate of 2.440%.
In the Dow Jones Industrial Average, the following stocks led gains:
- Microsoft (MSFT, Financial) 2.58%
- Apple (AAPL, Financial) 2.57%
- Boeing (BA, Financial) 1.97%
- Coca-Cola (KO, Financial) 0.99%
Small-cap stocks
In small caps, the Russell 2000 closed at 1,513.34 for a gain of 11.29 points or 0.75%. The S&P 600 closed at 944.37 for a gain of 10.79 points or 1.16%. The Dow Jones Small-Cap Growth TSM Index closed at 9,556.35 for a gain of 97.68 points or 1.03%. The Dow Jones Small-Cap Value TSM Index closed at 9,575.98 for a gain of 68.68 points or 0.72%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,853.00 for a gain of 11.48 points or 0.62%; the S&P 100 at 1,198.20 for a gain of 6.53 points or 0.55%; the Russell 3000 at 1,607.33 for a gain of 8.26 points or 0.52%; the Russell 1000 at 1,508.18 for a gain of 7.47 points or 0.50%; the Wilshire 5000 at 28,232.29 for a gain of 205.59 points or 0.73%; and the Dow Jones U.S. Select Dividend Index at 683.31 for a gain of 1.45 points or 0.21%.
