Markets

Large-Cap Stocks Reach New Highs on Wednesday

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…%.

Small-cap stocks

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 -.-…%.

Start afree 7-day trial of Premium Membershipto GuruFocus.

Read More:

About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .

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.

In This Story

NKE IBM AXP V HD

Other Topics

Stocks