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Julie Young
Julie Young
Articles (1620) 

US Stocks Mixed on Monday, Tech Leads Gains

Nasdaq returns 0.22%

The Dow Jones Industrial Average closed at 26,511.05 on Monday with a loss of 48.49 points or -0.18%. The S&P 500 closed at 2,907.97 for a gain of 2.94 points or 0.10%. The Nasdaq Composite closed at 8,015.27 for a gain of 17.20 points or 0.22%. The VIX Volatility Index was higher at 12.45 for a gain of 0.36 points or 2.98%.

Monday’s market movers

U.S. market indexes closed with mixed returns Monday. Stocks opened lower after a lower Shanghai close followed headlines that China would not be furthering stimulus measures. Investors were also watching for breakout trends as approximately 150 S&P 500 companies are scheduled to report earnings this week and a gross domestic product report is scheduled for Friday. The Nasdaq led stock index gains with a return of 0.22%. In the S&P 500, the energy and technology sectors led with gains of 2.11% and 0.23%. In commodities, oil prices were notably higher after an announcement that the U.S. would end waivers for countries importing oil from Iran.

Companies reporting earnings and gains on Monday included:

Economic reports affecting market trading included the following:

  • The Chicago Fed National Activity Index decreased 0.15% in March following a 0.31% decline in February.
  • Existing home sales decreased 4.9% in March to a seasonally adjusted average of 5.21 million.
  • The U.S. Treasury held auctions for three-month bills at a rate of 2.400% and six-month bills at a rate of 2.400%.

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

Small-cap stocks

In small caps, the Russell 2000 closed at 1,560.13 for a loss of 5.62 points or -0.36%. The S&P 600 closed at 957.25 for a loss of 5.41 points or -0.56%. The Dow Jones Small-Cap Growth TSM Index closed at 9,935.30 for a loss of 6.79 points or -0.07%. The Dow Jones Small-Cap Value TSM Index closed at 9,612.35 for a loss of 101.77 points or -1.05%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,946.19 for a loss of 7.24 points or -0.37%; the S&P 100 at 1,290.46 for a gain of 3.06 points or 0.24%; the Russell 3000 at 1,711.65 for a gain of 0.67 points or 0.04%; the Russell 1000 at 1,610.20 for a gain of 1.27 points or 0.08%; the Wilshire 5000 at 30,010.20 for a gain of 29.07 points or 0.10%; and the Dow Jones U.S. Select Dividend Index at 715.23 for a loss of 1.87 points or -0.26%.

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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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