U.S. Market Indexes Higher with M&A Deals
U.S. market indexes were higher Monday. For the day the Dow Jones Industrial Average closed at 18223.03 for a gain of 77.32 points or 0.43 percent. The S&P 500 closed at 2151.33 for a gain of 10.17 points or 0.47 percent. The Nasdaq Composite closed at 5309.83 for a gain of 52.42 points or 1.00 percent. The VIX Volatility Index was lower for the day at 12.99 for a loss of -0.35 points or -2.62 percent.
Monday’s Market Movers
Stocks were higher Monday with positive corporate earnings, higher yields, numerous merger announcements and strong economic data. The economic reports on Monday included the Chicago Fed National Activity Index and the PMI Manufacturing Index Flash report. The Chicago Fed National Activity Index improved to -0.14 from -0.55. The PMI Manufacturing Index Flash was reported at 53.2 up from 51.4.
Stocks trading actively for the day included the following:
AT&T
Bank of America
Chesapeake Energy
Microsoft
Time Warner
Ford
General Electric
Southwestern Energy
Apple
In the Dow Jones Industrial Average, the following stocks led gains:
Microsoft 2.25
Boeing 1.34
Wal-Mart 1.24
3M 1.04
Cisco 1.03
Coca-Cola 1.02
Top sectors in the broad market were consumer discretionary and technology. Technology stocks leading gains in the S&P 500 included the following:
Qorvo 4.73
NVIDIA 4.69
Symantec 3.41
Alliance Data Systems 3.27
Applied Materials 2.53
Texas Instruments 2.44
Juniper Networks 2.29
Microsoft 2.25
In commodities, gold traded higher as evidenced by the SPDR Gold Trust which reported a loss of -0.27 points or -0.22 percent. The dollar was higher for the day as the U.S. Dollar Index gained 0.07 points or 0.07 percent to 98.74.
Small-Cap Stocks
In small-caps, the Russell 2000 closed at 1226.45 for a gain of 8.35 points or 0.69 percent. The S&P 600 Small-Cap Index closed at 739.78 for a gain of 5.89 points or 0.80 percent. The Dow Jones Small-Cap Growth TSM Index closed at 7417.84 for a gain of 42.75 points or 0.58 percent. The Dow Jones Small-Cap Value TSM Index closed at 8657.33 for a gain of 41.98 points or 0.49 percent.
Other Notable Indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1534.74 for a gain of 7.98 points or 0.52 percent; the S&P 100 Index closed at 954.70 for a gain of 5.04 points or 0.53 percent; the Russell 3000 Index closed at 1272.43 for a gain of 6.19 points or 0.49 percent; the Russell 1000 Index closed at 1191.91 for a gain of 5.61 points or 0.47 percent; the Dow Jones U.S. Select Dividend Index closed at 600.79 for a gain of 1.13 points or 0.19 percent.
