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Julie Young
Julie Young
Articles (1139) 

US Market Indexes Close Higher Tuesday

Bank of America gains 0.13% after earnings

The Dow Jones Industrial Average closed at 26,452.66 on Tuesday with a gain of 67.89 points or 0.26%. The S&P 500 closed at 2,907.06 for a gain of 1.48 points or 0.05%. The Nasdaq Composite closed at 8,000.23 for a gain of 24.21 points or 0.30%. The VIX Volatility Index was lower at 12.25 for a loss of 0.07 points or -0.57%.

Tuesday’s market movers

U.S. stocks closed higher Tuesday with investors continuing to watch the big banks. Big banks kicked off the beginning of the heaviest part of the first-quarter earnings calendar with JPMorgan (NYSE:JPM) and Wells Fargo (NYSE:WFC) reporting last Friday and Goldman Sachs (NYSE:GS) and Citigroup (NYSE:C) reporting Monday. Bank of America (NYSE:BAC) reported its earnings on Tuesday, beating earnings per share estimates by 4 cents and missing revenue estimates by $240 million. The bank closed with a gain of 0.13%. Morgan Stanley (NYSE:MS) will report earnings on Wednesday.

In the Dow Jones, earnings reports were released from UnitedHealth (NYSE:UNH), Johnson & Johnson (NYSE:JNJ) and IBM (NYSE:IBM). Stocks leading gains for the Dow Jones Tuesday included:

Economic reports affecting market trading included the following:

  • Industrial production decreased 0.1% in March and 2.8% year over year.
  • Manufacturing production was unchanged in March and increased 1% year over year.
  • Capacity utilization decreased to 78.8% in March from 79%.
  • The NAHB Housing Market Index increased to 63 in April from 62.

Small-cap stocks

In small caps, the Russell 2000 closed at 1,582.79 for a gain of 3.62 points or 0.23%. The S&P 600 closed at 970.12 for a gain of 4.04 points or 0.42%. The Dow Jones Small-Cap Growth TSM Index closed at 10,052.18 for a gain of 14.16 points or 0.14%. The Dow Jones Small-Cap Value TSM Index closed at 9,774.72 for a gain of 40.37 points or 0.41%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,963.52 for a gain of 1.51 points or 0.08%; the S&P 100 at 1,285.10 for a gain of 3.48 points or 0.27%; the Russell 3000 at 1,714.66 for a gain of 0.80 points or 0.05%; the Russell 1000 at 1,611.34 for a gain of 0.53 points or 0.03%; the Wilshire 5000 at 30,047.66 for a gain of 17.11 points or 0.06%; and the Dow Jones U.S. Select Dividend Index at 718.71 for a gain of 2.75 points or 0.38%.

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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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