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US Indexes Close Higher Friday and for the Week

The Dow Jones Industrial Average closed at 27,681.24 on Friday with a gain of 6.44 points or 0.02%. The S&P 500 closed at 3,093.08 for a gain of 7.90 points or 0.26%. The Nasdaq Composite closed at 8,475.31 for a gain of 40.80 points or 0.48%. The VIX Volatility Index was lower at 12.03 for a loss of 0.70 points or -5.50%.

For the week, the Dow Jones gained 1.2%, the Nasdaq gained 1.1% and the S&P 500 gained 0.9%. For the year, the Nasdaq is up 27.14%, the S&P 500 has a gain of 23.23% and the Dow Jones has a gain of 18.57%.

Friday's market movers

Stocks closed higher Friday and for the week. Another busy earnings week helped gains as positive results continued. Disney reported a gain of 3.68% Friday following its earnings report. News on a reduction of tariffs with the U.S. and China's next agreement was retracted, which capped some of the day's gains though investors still remain optimistic on a near-term deal.

Economic reports affecting market trading included the following:

  • The Michigan Consumer Sentiment Index increased to 95.7 from 95.5.
  • Wholesale inventories decreased 0.4% in September following an increase of 0.1%.
  • The Baker Hughes North American oil rig count decreased to 957 from 964.

In the S&P 500, the health care and technology sectors led gains. In the S&P 100, the following stocks led gains:

  • Qualcomm (NASDAQ:QCOM) 4.48%
  • AbbVie (ABBV) 3.97%
  • Disney (NYSE:DIS) 3.68%

Small-cap stocks

In small caps, the Russell 2000 closed at 1,598.86 for a gain of 4.87 points or 0.31%. The S&P 600 closed at 988.56 for a gain of 1.04 points or 0.11%. The Dow Jones U.S. Small-Cap Growth Index closed at 10,158.10 for a gain of 48.79 points or 0.48%. The Dow Jones U.S. Small-Cap Value Index closed at 9,823.37 for a loss of 19.97 -0.20%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,998.39 for a gain of 5.75 points or 0.29%; the S&P 100 at 1,379.11 for a gain of 4.31 points or 0.31%; the Nasdaq 100 at 8,255.89 for a gain of 36.24 points or 0.44%; the Russell 3000 at 1,811.45 for a gain of 5.13 points or 0.28%; the Russell 1000 at 1,707.89 for a gain of 4.81 points or 0.28%; the Wilshire 5000 at 31,610.74 for a gain of 85.26 points or 0.27%; and the Dow Jones U.S. Select Dividend Index at 742.65 for a gain of 1.48 points or 0.20%.

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This article first appeared on GuruFocus.