The Dow Jones Industrial Average closed at 28,703.38 on Monday with a gain of 68.50 points or 0.24%. The S&P 500 closed at 3,246.28 for a gain of 11.43 points or 0.35%. The Nasdaq Composite closed at 9,071.46 for a gain of 50.70 points or 0.56%. The VIX Volatility Index was lower at 13.54 for a loss of 0.48 points or -3.42%.
Monday's market movers
U.S. indexes rebounded from Friday's losses, caused mostly by conflicts in the Middle East. Over the weekend, the Iraqi Parliament voted to expel U.S. troops after a missile strike killed an Iranian military leader. Iran also said it will no longer comply with nuclear enrichment levels. President Donald Trump followed with threats of sanctions for Iraq.
In the S&P 500, energy stocks led gains Monday, with oil prices climbing to new highs. In the Dow Jones Industrial Average, the following stocks led gains:
- McDonald's (NYSE:MCD) 1.09%
- Goldman Sachs (NYSE:GS) 0.85%
- Walgreens Boots Alliance (NASDAQ:WBA) 0.81%
- Apple (NASDAQ:AAPL) 0.76%
- Exxon (NYSE:XOM) 0.75%
Economic reports affecting market trading included the following:
- The Markit Composite PMI increased to 52.7 in December from 52.0.
- The Markit Services PMI increased to 52.8 in December from 51.6.
- The Treasury held auctions for three-month bills at a rate of 1.52% and six-month bills at a rate of 1.52%.
In small caps, the Russell 2000 closed at 1,663.26 for a gain of 2.39 points or 0.14%. The S&P 600 closed at 1,019.76 for a loss of 1.17 points or -0.11%. The Dow Jones U.S. Small-Cap Growth Index closed at 10,674.21 for a gain of 23.50 points or 0.22%. The Dow Jones U.S. Small-Cap Value Index closed at 9,872.25 for a loss of 14.16 points or -0.14%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 2,054.16 for a loss of 1.51 points or -0.073%; the S&P 100 at 1,452.81 for a gain of 6.33 points or 0.44%; the Nasdaq 100 at 8,848.52 for a gain of 54.61 points or 0.62%; the Russell 3000 at 1,900.90 for a gain of 6.38 points or 0.34%; the Russell 1000 at 1,793.34 for a gain of 6.26 points or 0.35%; the Wilshire 5000 at 33,165.13 for a gain of 110.78 points or 0.34%; and the Dow Jones U.S. Select Dividend Index at 747.92 for a loss of 0.34 points or -0.045%.
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This article first appeared on GuruFocus.