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Julie Young
Julie Young
Articles (1093) 

US Market Indexes Close With Another Day of Gains Wednesday

Dow Jones gains 0.24%

February 20, 2019 | About:

The Dow Jones Industrial Average closed at 25,954.44 Wednesday with a gain of 63.12 points or 0.24%. The S&P 500 closed at 2,784.70 for a gain of 4.94 points or 0.18%. The Nasdaq Composite closed at 7,489.07 for a gain of 2.30 points or 0.03%. The VIX Volatility Index was lower at 14.03 for a loss of -0.85 points or -5.71%.

Wednesday’s market movers

Stocks continued to gain Wednesday after a strong fourth-quarter performance from Walmart (NYSE:WMT) helped to increase confidence in the retail sector. Also contributing to investor confidence were comments from the Federal Reserve Vice Chairman Richard Clarida who stated that the U.S. economy isn’t necessarily contracting. Clarida’s comments coincided with the Fed’s January Meeting Minutes release, which showed that Fed officials were somewhat divided in the voting to hold interest rates unchanged.

Economic reports affecting market trading included the following:

  • The Fed’s January Meeting Minutes showed a divide among Fed officials in voting to keep interest rates unchanged. The minutes also spotlighted the controversy over when balance sheet reductions will end, which has been a key point of interest among investors.
  • The MBA Mortgage Applications Index increased 3.6% with the average 30-year mortgage rate average increasing one basis point to 4.66%.
  • The U.S. and China continued a second week of trade talks, and the Trump administration is expected to extend its March 1 deadline for new tariffs.

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

Small-cap stocks

In small caps, the Russell 2000 closed at 1,581.66 for a gain of 7.19 points or 0.46%. The S&P 600 closed at 987.87 for a gain of 7.01 points or 0.71%. The Dow Jones Small-Cap Growth TSM Index closed at 9,949.35 for a gain of 38.02 points or 0.38%. The Dow Jones Small-Cap Value TSM Index closed at 9,912.99 for a gain of 69.61 points or 0.71%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,925.12 for a gain of 8.85 points or 0.46%; the S&P 100 at 1,221.74 for a gain of 1.82 points or 0.15%; the Russell 3000 at 1,649.11 for a gain of 3.00 points or 0.18%; the Russell 1000 at 1,545.14 for a gain of 2.48 points or 0.16%; the Wilshire 5000 at 28,905.49 for a gain of 43.06 points or 0.15%; and the Dow Jones US Select Dividend Index at 699.49 for a gain of 4.42 points or 0.64%.

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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