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Tech Stocks Report Losses for the Week

- By Julie Young

U.S. market indexes were mixed on Friday.

For the day, the Dow Jones Industrial Average closed at 21,384.28 for a gain of 24.38 points or 0.11%. The Standard & Poor's 500 closed at 2,433.15 for a gain of 0.69 points or 0.03%. The Nasdaq Composite closed at 6,151.76 for a loss of 13.74 points or 0.22%. The VIX Volatility Index was lower at 10.38 for a loss of 0.52 points or 4.77%.


For the week, the Dow Jones gained 0.52%, the S&P 500 gained 0.05%, and the Nasdaq Composite reported a loss of 0.92%.

Friday's market movers

The Dow Jones reported a new high and tech stocks continued to report losses. Economic reports affecting market trading included the following:

  • Housing starts decreased to a seasonally adjusted average of 1.092 million.
  • The University of Michigan's Consumer Sentiment Index decreased to 94.5.



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

Gains

  • Chevron (CVX) 1.90%.
  • ExxonMobil (XOM) 1.50%.
  • Caterpillar (CAT) 1.13%.
  • Johnson & Johnson (JNJ) 0.98%.
  • American Express (AXP) 0.93%.



Losses

  • Walmart (WMT) -4.61%.
  • Nike (NKE) -3.40%.
  • Apple (AAPL) -1.40%.
  • Goldman Sachs (GS) -0.64%.
  • JPMorgan (JPM) -0.45%.



In the broad market, energy stocks led gains and consumer staples led losses. Technology stocks were lower with the S&P 500 technology sector down -0.58%.

Small-cap stocks

In small-caps, the Russell 2000 Index closed at 1,406.75 for a loss of 3.33 points or 0.24%. The S&P 600 Small-Cap Index closed at 852.69 for a loss of 4.27 points or 0.50%. The Dow Jones Small-Cap Growth TSM Index closed at 8,462.88 for a loss of 7.12 points or 0.08%. The Dow Jones Small-Cap Value TSM Index closed at 9,582.39 for a loss of 37.64 points or 0.39%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,753.46 for a gain of 0.16 points or 0.01%; the S&P 100 Index at 1,071.85 for a gain of 0.19 points or 0.02%; the Russell 3000 Index at 1,440.85 for a loss of 0.09 points or 0.01%; the Russell 1000 Index at 1,348.27 for a gain of 0.16 points or 0.01%; and the Dow Jones U.S. Select Dividend Index at 671.95 for a gain of 2.62 points or 0.39%.

This article first appeared on GuruFocus.