U.S. Markets closed

US Indexes Close Higher Monday

The Dow Jones Industrial Average closed at 27,462.11 on Monday with a gain of 114.75 points or 0.42%. The S&P 500 closed at 3,078.27 for a gain of 11.36 points or 0.37%. The Nasdaq Composite closed at 8,433.20 for a gain of 46.80 points or 0.56%. The VIX Volatility Index was higher at 12.83 for a gain of 0.53 points or 4.31%.

Monday's market movers

U.S. indexes closed higher Monday, continuing gains from Friday after a slightly stronger-than-expected jobs report. The Dow Jones closed at a new record high. Investors were optimistic about a phase one deal with China after comments from U.S. Commerce Secretary Wilbur Ross (Trades, Portfolio) over the weekend, suggesting the two countries were making progress toward a deal. Positive earnings sentiment also continued with over 70% of S&P 500 companies reporting and more than 70% showing better-than-expected earnings results.

On the earnings calendar Monday, the following companies made headlines:

  • Superior Industries (NYSE:SUP): Reported an earnings loss of 8 cents, beating estimates by 11 cents. Stock gained 18.42%.
  • Ferrari (NYSE:RACE): Reported earnings of $1 per share, beating estimates by 7 cents. Stock gained 5.30%.
  • Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B): Third-quarter operating earnings of $7.86 billion released Saturday with an increase of 14% year over year.
  • Uber (NYSE:UBER): Revenue of $3.53 billion increased 32.7% year over year and missed estimates by $150 million. Third-quarter GAAP loss of 68 cents per share beat estimates by 16 cents.

Economic reports affecting market trading included the following:

  • Factory orders decreased 0.6% in September. Factory orders excluding transportation decreased 0.1%.
  • The Treasury held auctions for three-month bills at a rate of 1.520% and six-month bills at a rate of 1.535%.
  • Total vehicle sales decreased to a seasonally adjusted annual rate of 16.6 million following a rate of 17.2 million.

In the S&P 500, the energy and industrial sectors led gains after Saudi Aramco announced its initial public offering for December. In the S&P 100, the following stocks led gains:

  • General Electric (NYSE:GE) 10.92%
  • FedEx (NYSE:FDX) 164.38%
  • Schlumberger (NYSE:SLB) 36.16%
  • Chevron (NYSE:CVX) 121.65%
  • Occidental Petroleum (NYSE:OXY) 44.24%
  • Halliburton (NYSE:HAL) 20.94%

Small-cap stocks

In small caps, the Russell 2000 closed at 1,597.40 for a gain of 8.07 points or 0.51%. The S&P 600 closed at 988.81 for a gain of 8.39 points or 0.86%. The Dow Jones U.S. Small-Cap Growth Index closed at 10,119.02 for a gain of 45.88 points or 0.46%. The Dow Jones U.S. Small-Cap Value Index closed at 9,859.82 for a gain of 119.16 points or 1.22%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,995.10 for a gain of 11.60 points or 0.58%; the S&P 100 at 1,369.37 for a gain of 6.34 points or 0.47%; the Nasdaq 100 at 8,210.66 for a gain of 49.50 points or 0.61%; the Russell 3000 at 1,803.44 for a gain of 6.67 points or 0.37%; the Russell 1000 at 1,699.92 for a gain of 6.13 points or 0.36%; the Wilshire 5000 at 31,476.91 for a gain of 118.70 points or 0.38%; and the Dow Jones U.S. Select Dividend Index at 742.09 for a gain of 4.39 points or 0.60%.

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This article first appeared on GuruFocus.