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Julie Young
Julie Young
Articles (1311) 

US Market Indexes Gain Ahead of State of the Union Address

S&P 500 closes with a gain of 0.47%

The Dow Jones Industrial Average closed at 25,411.52 on Tuesday with a gain of 172.15 points or 0.68%. The S&P 500 closed at 2,737.70 for a gain of 12.83 points or 0.47%. The Nasdaq Composite closed at 7,402.08 for a gain of 54.55 points or 0.74%. The VIX Volatility Index was lower at 15.51 for a loss of 0.22 points or -1.40%.

Tuesday’s market movers

U.S. market indexes gained for a fifth day ahead of President Trump’s State of the Union address, which is scheduled for Tuesday night at 9 p.m. Eastern. Earnings also helped to support gains, with Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL), Apple (NASDAQ:AAPL), Disney (NYSE:DIS), Estée Lauder (NYSE:EL), M/I Homes (NYSE:MHO) and BP (NYSE:BP) leading headlines.

After controversial scheduling due to the government shutdown, the president will address the nation Tuesday night. Investors will be watching for a potential border emergency announcement, plans for discussions with North Korea’s leader Kim Jong Un and insights on tariff negotiations with China ahead of a March 1 deadline.

Economic reports affecting market trading included the following:

  • The Markit Services PMI decreased to 54.2 in January from 54.4.
  • The ISM Non-Manufacturing PMI decreased to 56.7 in January from 58.0.
  • The Treasury held an auction for three-year notes at a rate of 2.502%.

In the Dow Jones Industrial Average, the following stocks led gains:

Small-cap stocks

In small caps, the Russell 2000 closed at 1,520.29 for a gain of 2.76 points or 0.18%. The S&P 600 closed at 945.64 for a gain of 0.83 points or 0.09%. The Dow Jones Small-Cap Growth TSM Index closed at 9,580.58 for a gain of 24.23 points or 0.25%. The Dow Jones Small-Cap Value TSM Index closed at 9,597.27 for a gain of 21.29 points or 0.22%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,864.88 for a gain of 7.56 points or 0.41%; the S&P 100 at 1,206.54 for a gain of 5.79 points or 0.48%; the Russell 3000 at 1,616.43 for a gain of 5.92 points or 0.37%; the Russell 1000 at 1,516.84 for a gain of 5.77 points or 0.38%; the Wilshire 5000 at 28,362.54 for a gain of 129.73 points or 0.46%; and the Dow Jones U.S. Select Dividend Index at 685.10 for a gain of 1.79 points or 0.26%.

About the author:

Julie Young
Julie Young is a financial writer with comprehensive experience in the financial services industry. She writes about investments, investment products, financial market news and economic trends. Julie has a Master of Science in finance from Boston College and a Bachelor of Science in finance from the University of Arkansas.

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