U.S. market indexes were higher Wednesday, continuing gains for the week. The Dow Jones and S&P 5…… reached new highs. For the day, the Dow Jones Industrial Average closed at -9549.6- for a gain of -97.84 points or -.55%. The S&P 5…… closed at --4-.'5 for a gain of -9.-- points or -.'-%. The Nasdaq Composite closed at 5'9'.76 for a gain of 6….76 points or -.-4%. The VIX Volatility Index was higher for the day at --.-5 for a gain of ….'6 points or '.…5%.
Wednesday's market movers
Economic factors affecting market trading on Wednesday included the following:
- MBA Mortgage Applications decreased -….7% for the week.
- EIA Petroleum Status report showed a decrease of --.4 million barrels in oil inventory.
- The Federal Reserve's Consumer Credit report showed an increase of $-6 billion in consumer credit outstanding for October.
In the Dow Jones Industrial Average, the following stocks led gains for the day:
Nike ( NKE ) '.…'%
Home Depot ( HD ) -.89%
Visa ( V ) -.85%
IBM ( IBM ) -.77%
American Express ( AXP ) -.74%
In the broad market, real estate, technology and consumer discretionary led gains. In technology, the S&P 5……'s technology sector gained -.9…%.
In small-caps, the Russell -……… Index closed at -'64.5- for a gain of --.84 points or ….88%. The S&P 6…… Small-Cap Index closed at 84-.5- for a gain of 8.8' points or -.…6%. The Dow Jones Small-Cap Growth TSM Index closed at 8…6'.8- for a gain of 54.78 points or ….68%. The Dow Jones Small-Cap Value TSM Index closed at 97…7.89 for a gain of --'.4' points or -.-8%.
Other notable indexes
Other notable index closes included the S&P 4…… Mid-Cap Index at -677.79 for a gain of -9.5- points or -.-8%; the S&P -…… Index at 986.6… for a gain of --.'' points or -.-7%; the Russell '……… Index at -''5.46 for a gain of -6.49 points or -.-5%; the Russell -……… Index at --44.87 for a gain of -5.77 points or -.-8%; and the Dow Jones U.S. Select Dividend Index at 6'6.'8 for a gain of 7.55 points or -.-…%.
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