U.S. Market Indexes Higher as Positive Outlook Continues
U.S. market indexes were higher on Monday to start the week. For the day the Dow Jones Industrial Average closed at 18533.05 for a gain of 16.50 points or 0.09 percent. The S&P 500 was also higher, closing at 2166.89 for a gain of 5.15 points or 0.24 percent. Both the Dow Jones Industrial Average and S&P 500 closed at new highs for the day. The Nasdaq Composite was also higher Monday, closing at 5055.78 for a gain of 26.19 points or 0.52 percent. The VIX Volatility Index was down for the day at 12.41 for a loss of -0.26 points or -2.05 percent.
Monday’s Market Movers
Stocks gained Monday as a positive outlook for earnings and the economy continued. Both the Dow Jones Industrial Average and S&P 500 were propelled to new highs. The leading economic report for the day included the Housing Market Index from the National Association of Homebuilders. The Index fell to 59 after being reported at 60 last month. The consensus for the month of July was 61.
Stocks actively trading for the day included Bank of America, Apple, Microsoft, Kinder Morgan, EMC, Chesapeake Energy, Wells Fargo, Regions Financial and Ford.
In the Dow Jones Industrial Average, the following stocks led gains:
Gains (percent)
DuPont 1.34
Home Depot 1.16
Apple 1.06
Goldman Sachs Group 1.05
Boeing 0.79
Top sectors for the broad market were technology and materials. In the technology sector the Nasdaq Composite was higher Monday, closing at 5055.78 for a gain of 26.19 points or 0.52 percent. The Nasdaq 100 was also higher at 4619.68 for a gain of 29.85 points or 0.65 percent. In technology the following stocks led gains for the day:
Gains (percent)
Seagate Technology PLC 4.33
JD.com Inc ADR 3.41
Liberty Media 2.75
Liberty Global 2.7
Tesla Motors 2.65
In commodities, gold traded higher as evidenced by the SPDR Gold Trust which reported a gain of 0.23 points or 0.18 percent. The dollar was lower for the day as the U.S. Dollar Index was down at 96.55 for a loss of -0.02 points or -0.02 percent.
Small-Cap Stocks
In small-caps, the Russell 2000 was higher for the day at 1207.91 for a gain of 2.60 points or 0.22 percent. The S&P 600 closed at 741.31 for a gain of 0.59 points or 0.08 percent. The Dow Jones Small-Cap Growth TSM Index closed at 7352.15 for a gain of 21.52 points or 0.29 percent. The Dow Jones Small-Cap Value TSM Index closed at 8682.15 for a gain of 5.07 points or 0.06 percent.
Other Notable Indexes
Other notable index closes included the S&P 400 Mid-Cap Index which closed at 1545.07 for a gain of 1.44 points or 0.09 percent; the S&P 100 Index closing at 958.71 for a gain of 2.79 points or 0.29 percent; the Russell 3000 Index closing at 1278.31 for a gain of 2.98 points or 0.23 percent; the Russell 1000 Index closing at 1199.35 for a gain of 2.81 points or 0.23 percent; and the Dow Jones U.S. Select Dividend Index closing at 624.81 for a loss of -1.03 points or -0.16 percent.
