Dow Jones Reaches Another New High, Closes at 22,026.10
- By Julie Young
U.S. market indexes were mixed on Thursday. For the day, the Dow Jones Industrial Average closed at 22,026.10 for a gain of 9.86 points or 0.04%. The S&P 500 closed at 2,472.16 for a loss of -5.41 points or -0.22%. The Nasdaq Composite closed at 6,340.34 for a loss of -22.30 points or -0.35%. The VIX Volatility Index was higher at 10.36 for a gain of 0.08 points or 0.78%.
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The intrinsic value of PFE
Thursday's Market Movers
The Dow Jones reached a new high on Thursday. Oil prices and energy stocks were lower on Thursday, keeping large-cap valuations mostly lower. Economic reports affecting market trading included the following:
Jobless claims decreased by 5,000 for the week to a total of 240,000.
The U.S. Services Purchasing Managers' Index (PMI) increased to 54.7 from 54.2.
Factory orders increased 3% for the month.
The ISM Non-Manufacturing Index decreased to 53.9 from 57.4.
In the Dow Jones Industrial Average, the following stocks led gains and losses:
Gains
Pfizer (PFE) 1.55%
3M (MMM) 1.08%
General Electric (GE) 0.94%
UnitedHealth (UNH) 0.92%
Losses
DuPont (DD) -1.20%
McDonald's (MCD) -1.19%
Goldman Sachs (GS) -1.01%
Apple (AAPL) -1.00%
JPMorgan (JPM) -0.66%
In the broad market, energy stocks led losses. Technology stocks were also lower with the S&P 500 technology sector down -0.23%.
Small-cap stocks
In small-caps, the Russell 2000 Index closed at 1,405.23 for a loss of -7.67 points or -0.54%. The S&P 600 Small-Cap Index closed at 851.35 for a loss of -2.99 points or -0.35%. The Dow Jones Small-Cap Growth TSM Index closed at 8,528.38 for a loss of -16.94 points or -0.20%. The Dow Jones Small-Cap Value TSM Index closed at 9,577.21 for a loss of -61.16 points or -0.63%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,747.20 for a loss of -5.31 points or -0.30%; the S&P 100 Index at 1,092.90 for a loss of -2.02 points or -0.18%; the Russell 3000 Index at 1,461.10 for a loss of -3.39 points or -0.23%; the Russell 1000 Index at 1,368.90 for a loss of -2.83 points or -0.21%; and the Dow Jones U.S. Select Dividend Index at 663.24 for a loss of -0.53 points or -0.08%.
This article first appeared on GuruFocus.
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The intrinsic value of PFE