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Technology Leads Gains on Tuesday

- By Julie Young

U.S. market indexes were mostly flat on Tuesday with gains from technology stocks.

For the day the Dow Jones Industrial Average closed at 21,409.07 for a gain of 0.55 points or 0.01%. The Standard & Poor's 500 closed at 2,425.53 for a loss of 1.90 points or 0.08%. The Nasdaq Composite closed at 6,193.30 for a gain of 16.91 points or 0.27%. The VIX Volatility Index was lower for the day at 10.97 for a loss of 0.14 points or 1.26%.

Tuesday's market movers

Political events affecting markets on Tuesday included the release of emails from President Donald Trump's son regarding meetings with Russians and a delayed Senate recess due to new legislation.

Economic reports released on Tuesday included the following:

  • The NFIB Small Business Optimism Index was reported at 103.6, a slight decrease from 104.5 and also below consensus of 104.5.
  • Wholesale inventories increased 0.4% for the month following a decrease of 0.4%.

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

  • General Electric (GE) 1.31%.
  • Boeing (BA) 1.13%.
  • Intel (INTC) 0.80%.
  • ExxonMobil (XOM) 0.55%.

In the broad market, technology stocks led gains. The S&P 500 technology sector gained 0.22%.

Small-cap stocks

In small-caps, the Russell 2000 Index closed at 1,413.05 for a gain of 4.58 points or 0.33%. The S&P 600 Small-Cap Index closed at 851.35 for a gain of 2.01 points or 0.24%. The Dow Jones Small-Cap Growth TSM Index closed at 8,556.43 for a gain of 35.91 points or 0.42%. The Dow Jones Small-Cap Value TSM Index closed at 9,516.35 for a gain of 15.20 points or 0.16%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,745.35 for a gain of 2.28 points or 0.13%; the S&P 100 Index at 1,068.81 for a loss of 0.81 points or 0.08%; the Russell 3000 Index at 1,437.24 for a loss of 0.19 points or 0.01%; the Russell 1000 Index at 1,344.12 for a loss of 0.55 points or 0.04%; and the Dow Jones U.S. Select Dividend Index at 653.54 for a loss of 1.19 points or 0.18%.

This article first appeared on GuruFocus.