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US Indexes Close Higher Monday

The Dow Jones Industrial Average closed at 28,066.47 on Monday with a gain of 190.85 points or 0.68%. The S&P 500 closed at 3,133.64 for a gain of 23.35 points or 0.75%. The Nasdaq Composite closed at 8,632.49 for a gain of 112.60 points or 1.32%. The VIX Volatility Index was lower at 11.87 for a loss of 0.47 points or -3.81%.

Monday's market movers

U.S. indexes ended higher Monday with positive trade sentiment and a merger announcement from Charles Schwab (NYSE:SCHW). China said it would increase the penalties for intellectual property rights violations, which has been a key point of concern for President Trump in trade relations. Top trade officials also reported that a trade deal could still be possible by the end of the year.

Monday included several merger spotlights. Charles Schwab officially announced it would be buying TD Ameritrade (NASDAQ:AMTD) in an all-stock deal valued at $26 billion. Other merger announcements included LVMH's (MIL:LVMH) acquisition of Tiffany & Co. (NYSE:TIF) and Novartis' (NYSE:NVS) acquisition of The Medicines Co. (MDCO). In the S&P 500, technology, health care and financials all gained.

Economic reports affecting market trading included the following:

  • The Chicago Fed National Activity Index decreased to -0.71 in October from -0.45.
  • The Treasury held auctions for three-month bills at a rate of 1.56%, six-month bills at a rate of 1.58% and two-year notes at a rate of 1.601%.

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

  • UnitedHealth (NYSE:UNH) 2.11%
  • Intel (NASDAQ:INTC) 2.08%
  • Dow Inc. (NYSE:DOW) 1.85%
  • Caterpillar (NYSE:CAT) 1.77%
  • Apple (NASDAQ:AAPL) 1.70%

Small-cap stocks

In small caps, the Russell 2000 closed at 1,621.90 for a gain of 32.96 points or 2.07%. The S&P 600 closed at 995.86 for a gain of 23.73 points or 2.44%. The Dow Jones U.S. Small-Cap Growth Index closed at 10,369.41 for a gain of 202.13 points or 1.99%. The Dow Jones U.S. Small-Cap Value Index closed at 9,729.39 for a gain of 125.43 points or 1.31%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 2,009.70 for a gain of 23.83 points or 1.20%; the S&P 100 at 1,395.00 for a gain of 10.19 points or 0.74%; the Nasdaq 100 at 8,371.93 for a gain of 99.88 points or 1.21%; the Russell 3000 at 1,837.92 for a gain of 15.93 points or 0.87%; the Russell 1000 at 1,732.87 for a gain of 13.61 points or 0.79%; the Wilshire 5000 at 32,045.78 for a gain of 274.09 points or 0.86%; and the Dow Jones U.S. Select Dividend Index at 738.98 for a gain of 3.34 points or 0.45%.

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This article first appeared on GuruFocus.