U.S. market indexes ended the week mixed on Friday with the Dow Jones Industrial Average setting another new high. For the day the Dow Jones Industrial Average closed at 18516.55 for a gain of 10.14 points or 0.05 percent. The S&P 500 was lower for the day closing at 2161.74 for a loss of -2.01 points or -0.09 percent. The Nasdaq Composite also closed lower at 5029.59 for a loss of -4.47 point or -0.09 percent. The VIX Volatility Index was down for the day at 12.45 for a loss of -0.37 points or -2.89 percent.

 

Source: DJIA, S&P 500 and Nasdaq Composite. Google Finance.

Friday’s Market Movers

The leading economic reports for Friday included the Consumer Price Index and Industrial Production. The Consumer Price Index was higher for the month with an increase of 0.2 percent which matched the prior month and was just below consensus of 0.3 percent. Year-over-year the Consumer Price Index is up 1 percent and excluding food and energy the Index is up 2.3 percent. Industrial production was also improved. The monthly report showed an increase of 0.6 percent in production.

Stocks trading actively in trading for Friday included Bank of America, General Electric, Wells Fargo, Microsoft, Apple, Citigroup, Chesapeake Energy, Pfizer and Alcoa.

In the Dow Jones Industrial Average the following stocks led gains for the day:

Gains (percent)

Caterpillar 0.8
General Electric 0.77
Boeing 0.64
DuPont 0.45
UnitedHealth 0.35

Top sectors for the broad market were materials, utilities and consumer staples. Technology was mostly lower for the day with the Nasdaq Composite Index lower at 5029.59 for a loss of -4.47 point or -0.09 percent. The Nasdaq 100 was also lower closing at 4589.83 for a loss of -6.66 points or -0.14 percent. Stocks leading losses in technology included:

Losses (percent)

PayPal Holdings Inc. -2.18
Cognizant Technology Solutions -2.00
Discovery Communications Inc. -1.79
Charter Communications Inc. -1.73

In commodities, gold traded lower as evidenced by the SPDR Gold Trust which reported a loss of -0.49 points or -0.38 percent. The dollar was higher for the day as the U.S. Dollar Index closed at 96.60 for a gain of 0.50 points or 0.52 percent.

Small-Cap Stocks

In small-caps, the Russell 2000 was higher at 1205.31 for a gain of 3.14 points or 0.26 percent. The S&P 600 closed at 740.72 for a gain of 1.26 points or 0.17 percent. The Dow Jones Small-Cap Growth TSM Index closed at 7330.63 for a gain of 5.50 points or 0.08 percent. The Dow Jones Small-Cap Value TSM Index closed at 8677.08 for a gain of 21.13 points or 0.24 percent.

Other Notable Indexes

Other notable index closes included the S&P 400 Mid-Cap Index which closed at 1543.63 for a loss of -0.43 points or -0.03 percent; the S&P 100 closing at 955.92 for a loss of -0.71 points or -0.07 percent; the Russell 3000 closing at 1275.33 for a loss of -0.70 or -0.05 percent; the Russell 1000 closing at 1196.54 for a loss of -0.96 points or -0.08 percent; and the Dow Jones U.S. Select Dividend Index closing at 625.84 for a gain of 1.98 points or 0.32 percent.