Markets

Dow Jones and Nasdaq Reach New Highs on Friday

U.S. market indexes were higher on Friday with the Dow Jones and Nasdaq Composite reaching new highs. For the day, the Dow Jones Industrial Average closed at 20624.05 for a gain of 4.28 points or 0.02%. The S&P 500 Index closed at 2351.16 for a gain of 3.94 points or 0.17%. The Nasdaq Composite closed at 5838.58 for a gain of 23.68 points or 0.41%. The VIX Volatility Index was lower for the day at 11.41 for a loss of -0.35 points or -2.98%.

For the week, the Dow Jones gained 1.73%. The S&P 500 gained 1.49% and the Nasdaq Composite gained 1.80%.

Friday's market movers

Economic reports affecting market trading on Friday included the following:

  • E-commerce retail sales increased to a quarterly rate of 1.9% SAAR.
  • The Conference Board Leading Economic Index increased 0.6% in January.
  • The Baker Hughes North American rig count decreased to 1,082.

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

Verizon ( VZ ) 1.51%

Boeing ( BA ) 1.11%

Home Depot ( HD ) 1.03%

McDonald's ( MCD ) 0.87%

In the broad market, consumer staples led gains. Technology was also higher with the S&P 500 technology sector up 0.35%.

Small-cap stocks

In small-caps, the Russell 2000 Index closed at 1399.86 for a gain of 0.73 points or 0.05%. The S&P 600 Small-Cap Index closed at 855.10 for a loss of -1.17 points or -0.14%. The Dow Jones Small-Cap Growth TSM Index closed at 8346.25 for a gain of 17.15 points or 0.21%. The Dow Jones Small-Cap Value TSM Index closed at 9862.59 for a loss of -16.19 points or -0.16%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1734.76 for a gain of 1.61 points or 0.09%; the S&P 100 Index at 1039.23 for a gain of 1.67 points or 0.16%; the Russell 3000 Index at 1398.04 for a gain of 2.25 points or 0.16%; the Russell 1000 Index at 1305.46 for a gain of 2.22 points or 0.17%; and the Dow Jones U.S. Select Dividend Index at 650.42 for a loss of -0.86 points or -0.13%.

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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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