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Julie Young
Julie Young
Articles (1117) 

US Market Indexes Close Higher Monday

S&P 500 gains 1.25%

The Dow Jones Industrial Average closed at 25,650.88 on Monday with a gain of 177.65 points or 0.70%. The S&P 500 closed at 2,783.30 for a gain of 34.37 points or 1.25%. The Nasdaq Composite closed at 7,558.06 for a gain of 136.60 points or 1.84%. The VIX Volatility Index was lower at 14.44 with a loss of 1.61 points or -10.03%.

Monday’s market movers

U.S. market indexes closed higher Monday, ending a five-day selloff. Morning news focused on Boeing’s (NYSE:BA) Ethiopian Airlines plane crash Sunday, with the stock opening lower and ending the day down 5.60%. Economic reports throughout the day helped contribute to the end-of-day gains. Specifically, retail sales reported a 0.2% gain in January after falling 1.6% in December. Business inventories also increased 0.6% in December. Also helping investor confidence was a "60 Minutes" interview with Federal Reserve Chairman Jerome Powell, who discussed healthy growth in the U.S. economy.

Overall, the day’s top economic reports included the following:

  • Retail sales increased 0.2% in January and 2.3% year over year.
  • Business inventories increased 0.6% in December, in line with the consensus estimate.
  • The Treasury held auctions for three-month bills at a rate of 2.405%, six-month bills at a rate of 2.455% and three-year notes at a rate of 2.448%.
  • The Trump administration submitted its 2020 budget to Congress on Monday with a request for $8.6 billion in border wall funding and a total of $200 billion for infrastructure.

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

Small-cap stocks

In small caps, the Russell 2000 closed at 1,546.91 for a gain of 23.28 points or 1.53%. The S&P 600 closed at 948.26 for a gain of 14.08 points or 1.51%. The Dow Jones Small-Cap Growth TSM Index closed at 9,784.69 for a gain of 169.00 points or 1.76%. The Dow Jones Small-Cap Value TSM Index closed at 9,561.32 for a gain of 122.02 points or 1.29%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,883.59 for a gain of 18.05 points or 0.97%; the S&P 100 at 1,229.13 for a gain of 16.25 points or 1.34%; the Russell 3000 at 1,644.03 for a gain of 19.97 points or 1.23%; the Russell 1000 at 1,542.72 for a gain of 18.43 points or 1.21%; the Wilshire 5000 at 28,828.59 for a gain of 426.40 points or 1.50%; and the Dow Jones U.S. Select Dividend Index at 699.60 for a gain of 7.04 points or 1.02%.

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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