Markets

US Market Indexes Mixed on Monday

U.S. market indexes were mixed on Monday with the Dow Jones reaching a new high. For the day, the Dow Jones Industrial Average closed at -9796.4' for a gain of '9.58 points or ….-…%. The S&P 5…… closed at --56.96 for a loss of --.57 points or -….--%. The Nasdaq Composite closed at 54--.54 for a loss of -'-.96 points or -….59%. The VIX Volatility Index was higher at --.57 for a gain of ….8- points or 6.98%.

Monday's market movers

No major economic reports were released on Monday. The Treasury did release its Treasury Budget Monday afternoon which showed a deficit of -$-'6.7 billion, an increase from the previous -$44.- billion.

Trading on Monday was mainly focused on the Federal Open Market Committee's December meeting, which begins on Tuesday. Investors expect the Fed to raise the federal funds rate to ….5…% to ….75%.

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

Johnson & Johnson ( JNJ ) -.79%

ExxonMobil ( XOM ) -.-5%

Pfizer ( PFE ) -.--%

Top sectors for the broad market were utilities, real estate, health care and energy. Technology stocks in the S&P 5…… were lower on Monday with the S&P 5…… technology sector down -….'-%.

Small-cap stocks

In small-caps, the Russell -……… Index closed at -'7'.-5 for a loss of --4.9- points or --.…7%. The S&P 6…… Small-Cap Index closed at 848.65 for a loss of -8.85 points or --.…'%. The Dow Jones Small-Cap Growth TSM Index closed at 8…8-.'… for a loss of -9….-- points or --.-…%. The Dow Jones Small-Cap Value TSM Index closed at 9766.49 for a loss of -95.4- points or -….97%

Other notable indexes

Other notable index closes included the S&P 4…… Mid-Cap Index at -68-.5- for a loss of --….47 points or -….6-%; the S&P -…… Index at 996.57 for a gain of ….55 points or ….…6%; the Russell '……… Index at -'4'.59 for a loss of -'.'7 points or -….-5%; the Russell -……… Index at --5-.4- for a loss of --.-' points or -….-8%; and the Dow Jones U.S. Select Dividend Index at 64….'7 for a loss of -….'5 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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