Large-Cap Stocks Mostly Lower With Health Care Vote Uncertainty
- By Julie Young
Large-cap stocks were lower Friday. For the day, the Dow Jones Industrial Average closed at 20596.72 for a loss of -59.86 points or -0.29%. The S&P 500 closed at 2343.98 for a loss of -1.98 points or -0.08%. The Nasdaq Composite closed at 5828.74 for a gain of 11.04 points or 0.19%. The VIX Volatility Index was lower for the day at 12.92 for a loss of -0.20 points or -1.52%.
Warning! GuruFocus has detected 5 Warning Sign with GS. Click here to check it out.
The intrinsic value of GS
For the week, the Dow Jones reported a loss of -1.49%. The S&P 500 decreased by -1.41% and the Nasdaq Composite was down -1.19%.
Friday's market movers
Another delayed health care vote weighed on stocks as the Trump administration reported a lack of support for the reform. Economic reports affecting market trading included the following:
Durable goods orders were above consensus, reporting a 1.7% monthly gain.
The PMI Composite report was below consensus of 54.3 at 53.2.
The Baker Hughes North American rig count decreased to 994.
In the Dow Jones Industrial Average, the following stocks led losses:
Goldman Sachs (GS) -1.51%
DuPont (DD) -1.19%
Pfizer (PFE) -0.85%
Boeing (BA) -0.81%
ExxonMobil (XOM) -0.77%
In the broad market, materials stocks led losses. Technology was higher with the S&P 500 technology sector gaining 0.08%.
Small-cap stocks
In small-caps, the Russell 2000 Index closed at 1354.64 for a gain of 1.22 points or 0.09%. The S&P 600 Small-Cap Index closed at 825.58 for a loss of -0.20 points or -0.02%. The Dow Jones Small-Cap Growth TSM Index closed at 8119.26 for a gain of 19.80 points or 0.24%. The Dow Jones Small-Cap Value TSM Index closed at 9439.33 for a loss of -16.42 points or -0.17%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1694.41 for a loss of -2.01 points or -0.12%. The S&P 100 Index at 1039.08 for a loss of -1.39 points or -0.13%. The Russell 3000 Index at 1387.96 for a loss of -0.84 points or -0.06%; the Russell 1000 Index at 1298.81 for a loss of -0.95 points or -0.07%; and the Dow Jones U.S. Select Dividend Index at 648.81 for a loss of -0.96 points or -0.15%.
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This article first appeared on GuruFocus.
Warning! GuruFocus has detected 5 Warning Sign with GS. Click here to check it out.
The intrinsic value of GS
