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Markets

Bull Market Fuels New Highs for Large-Caps

U.S. market indexes reported another day of new highs Tuesday.

For the day, the Dow Jones Industrial Average closed at -9,9--.-- for a gain of --4.78 points or ….58%. The Standard & Poor's 5…… closed at -,-7-.7- for a gain of -4.76 points or ….65%. The Nasdaq Composite closed at 5,46'.8' for a gain of 5-.-9 points or ….95%. The VIX Volatility Index was higher for the day at --.78 for a gain of ….-4 points or -.--%.

Tuesday's market movers

No major economic reports were announced Tuesday. The Federal Open Market Committee began its two-day policy meeting which will end on Wednesday afternoon with a press conference. The Fed is expected to increase its federal funds rate which will have widespread market affects.

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

  • Intel ( INTC ) -.'-%.
  • ExxonMobil ( XOM ) -.76%.
  • IBM ( IBM ) -.69%.
  • Apple ( AAPL ) -.67%.

In the broad market, the technology, energy and utilities sectors led stocks higher. The S&P 5…… technology sector gained -.-6% for the day.

Small-cap stocks

In small-caps, the Russell -……… Index closed at -,'7'.5' for a gain of ….'9 points or ….…'%. The S&P 6…… Small-Cap Index closed at 848.9' for a gain of ….-8 points or ….…'%. The Dow Jones Small-Cap Growth TSM Index closed at 8,…84.'7 for a gain of '.…7 points or ….…4%. The Dow Jones Small-Cap Value TSM Index closed at 9,77'.…8 for a gain of 6.59 points or ….…7%.

Other notable indexes

Other notable index closes included the S&P 4…… Mid-Cap Index at -,686.…5 for a gain of '.54 points or ….--%; the S&P -…… Index at -,……4.'9 for a gain of 7.8- points or ….78%; the Russell '……… Index at -,'5-.-6 for a gain of 7.58 points or ….56%; the Russell -……… Index at -,-6….…6 for a gain of 7.64 points or ….6-%; and the Dow Jones U.S. Select Dividend Index at 64'.79 for a gain of '.4- points or ….5'%.

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This article first appeared on GuruFocus .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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