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Julie Young
Julie Young
Articles (1176) 

US Market Indexes Close Higher Tuesday

Tech sector regains ground after US reprieve

The Dow Jones Industrial Average closed at 25,877.33 on Tuesday with a gain of 197.43 points or 0.77%. The S&P 500 closed at 2,864.36 for a gain of 24.13 points or 0.85%. The Nasdaq Composite closed at 7,785.72 for a gain of 83.35 points or 1.08%. The VIX Volatility Index was lower at 14.92 for a loss of 1.39 points or -8.52%.

Tuesday's market movers

U.S. stocks closed higher Tuesday with tech stocks rebounding after the U.S. announced some short-term exemptions for the trade block with Huawei. Alphabet's Google (NASDAQ:GOOG) (NASDAQ:GOOGL) was the first of the tech companies announcing it would follow the new government guidance, renewing some of its business with Huawei.

A positive earnings report from Home Depot (NYSE:HD) also helped risk appetite. The home improvement retailer was the first of the week's big retail companies to report earnings. The company beat earnings per share estimates by 7 cents and also beat estimates for revenue. Other retailers also reporting earnings on Tuesday included: Kohl's (NYSE:KSS), TJX (NYSE:TJX), J.C. Penney (NYSE:JCP), AutoZone (NYSE:AZO), Nordstrom (NYSE:JWN) and Urban Outfitters (URBN).

Economic reports affecting market trading included the following:

  • Existing home sales decreased 0.4% in April to a seasonally adjusted annual rate of 5.19 million.
  • The Treasury held an auction for 52-week bills at a rate of 2.28%.

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

Small-cap stocks

In small caps, the Russell 2000 closed at 1,545.25 for a gain of 20.28 points or 1.33%. The S&P 600 closed at 939.63 for a gain of 11.40 points or 1.23%; the Dow Jones Small-Cap Growth Total Stock Market Index closed at 9,829.27 for a gain of 132.60 points or 1.37%. The Dow Jones Small-Cap Value Total Stock Market Index closed at 9,519.42 for a gain of 85.34 points or 0.90%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,899.74 for a gain of 24.05 points or 1.28%; the S&P 100 at 1,267.75 for a gain of 8.90 points or 0.71%; the Russell 3000 at 1,687.58 for a gain of 15.48 points or 0.93%; the Russell 1000 at 1,586.86 for a gain of 14.08 points or 0.90%; the Wilshire 5000 at 29,450.72 for a gain of 265.56 points or 0.91%; and the Dow Jones U.S. Select Dividend Index at 700.98 for a gain of 4.57 points or 0.66%.

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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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