U.S. Market Indexes Lower to End the Week
U.S. market indexes were lower on Friday. For the day, the Dow Jones Industrial Average closed at 18576.47 for a loss of -37.05 points or -0.20 percent. The S&P 500 was also lower, closing at 2184.05 for a loss of -1.74 points or -0.08 percent. The Nasdaq Composite closed higher for the day at 5232.89 for a gain of 4.50 points or 0.09 percent.
For the week the Dow Jones Industrial Average gained 0.16 percent. The S&P 500 gained 0.04 percent. The Nasdaq Composite was also higher gaining 0.22 percent.
Friday’s Market Movers
Factors affecting the market in trading on Friday included producer prices, retail sales, business inventories, consumer sentiment and the Baker-Hughes Rig Count. Producer prices were down 0.4 percent month over month however they increased year over year at a rate of 0.7 percent. Retail sales were flat month over month and were down 0.3 percent when excluding for automotive sales. Business inventories remained unchanged at 0.2 percent. Consumer sentiment was steady at 90.4. The Baker-Hughes Rig Count report showed an increase of 21 rigs for the week. Indexes were slightly lower for the day with the mixed results.
Stocks trading actively for the day included the following: Bank of America, NVIDIA Corp., Chesapeake Energy, Yahoo, Microsoft, General Electric, Ford and Apple.
In the Dow Jones Industrial Average the following stocks led losses for the day:
Losses (percent)
E.I. du Pont de Nemours & Co -1.93
International Business Machines Corp -0.97
Walt Disney Co -0.95
Microsoft Corp -0.62
Nike Inc B -0.49
Pfizer Inc -0.48
Merck & Co Inc -0.44
Sectors leading losses for the broad market were materials and financial. Technology stocks were also broadly lower. Stocks leading losses in technology included the following:
Losses (percent)
Liberty Media Corp C -1.47
eBay Inc -0.99
Intuit Inc -0.94
Seagate Technology PLC -0.63
In commodities, gold traded lower as evidenced by the SPDR Gold Trust which reported a loss of -0.27 points or -0.21 percent. The dollar was lower for the day as the U.S. Dollar Index was down -0.17 points or -0.18 percent at 95.74.
Small-Cap Stocks
In small-caps, the Russell 2000 Index was higher at 1229.82 for a gain of 0.70 points or 0.06 percent. The S&P 600 Small-Cap Index was lower at 744.16 for a loss of -0.92 points or -0.12 percent. The Dow Jones Small-Cap Growth TSM Index was higher at 7511.63 for a gain of 7.66 points or 0.10 percent. The Dow Jones Small-Cap Value TSM Index was lower at 8714.36 for a loss of -14.89 points or -0.17 percent.
Other Notable Indexes
Other notable index closes included the S&P 400 Mid-Cap Index closing at 1557.77 for a loss of -2.32 points or -0.15 percent; the S&P 100 Index was lower at 966.51 for a loss of -1.15 points or -0.12 percent; the Russell 3000 Index was lower at 1290.17 for a loss of -0.85 points or -0.07 percent; the Russell 1000 Index was lower at 1209.63 for a loss of -0.92 points or -0.08 percent; and the Dow Jones U.S. Select Dividend Index was lower at 621.36 for a loss of -0.63 points or -0.10 percent.
