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US Indexes Close Lower Friday

The Dow Jones Industrial Average closed at 26,820.25 on Friday with a loss of 70.87 points or -0.26%. The S&P 500 closed at 2,961.79 for a loss of 15.83 points or -0.53%. The Nasdaq Composite closed at 7,939.63 for a loss of 91.03 points or -1.13%. The VIX Volatility Index was higher at 17.22 for a gain of 1.15 points or 7.16%.

For the week, the Dow Jones was down 0.10%, the Nasdaq was down 0.70% and the S&P 500 was down 2.0%. For the year, the Nasdaq is up 21%, the S&P 500 is up 18.1% and the Dow Jones has a gain of 15.3%.

Friday's market movers

U.S. indexes closed lower on Friday as the House of Representatives' impeachment investigation continued to cause concern for investors. Indexes were also lower for the week after the day's losses. Treasury prices were higher with greater demand for safety. The 30-year bond's price increased 2/32 to a yield of 2.131%.

Economic reports affecting market trading included the following:

  • Personal income increased 0.4% in August and personal spending increased 0.1%.
  • The PCE Price Index was unchanged in August and increased 1.4% year over year. The Core PCE Price Index increased 0.1% in August and 1.8% year over year.
  • Durable goods orders increased 0.2% in August following an increase of 2%. Durable goods orders, excluding transportation, increased 0.5% in August. Durable goods orders, excluding defense, decreased 0.6%.
  • The Baker Hughes North American oil rig count decreased to 987.
  • The Michigan Consumer Sentiment Index increased to 93.2 from 89.8.

In the S&P 500, the technology, real estate and health care sectors led losses. In the Dow Jones Industrial Average, the following stocks led losses:

  • Chevron (NYSE:CVX) -1.30%
  • Microsoft (NASDAQ:MSFT) -1.20%
  • Merck (NYSE:MRK) -1.12%
  • Disney (NYSE:DIS) -1.00%
  • Boeing (NYSE:BA) -0.96%

Small-cap stocks

In small caps, the Russell 2000 closed at 1,520.48 for a loss of 12.85 points or -0.84%. The S&P 600 closed at 946.31 for a loss of 6.17 points or -0.65%. The Dow Jones U.S. Small-Cap Growth Index closed at 9,660.05 for a loss of 102.32 points or -1.05%. The Dow Jones U.S. Small-Cap Value Index closed at 9,432.88 for a loss of 32.61 points or -0.34%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,922.74 for a loss of 14.23 points or -0.73%; the S&P 100 at 1,308.66 for a loss of 5.30 points or 0.40%; the Nasdaq 100 at 7,681.58 for a loss of 90.41 points or -1.16%; the Russell 3000 at 1,734.00 for a loss of 10.53 points or -0.60%; the Russell 1000 at 1,635.62 for a loss of 9.66 points or -0.59%; the Wilshire 5000 at 30,255.51 for a loss of 182.74 points or -0.60%; and the Dow Jones U.S. Select Dividend Index at 727.53 for a loss of 0.34 points or -0.047%.

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This article first appeared on GuruFocus.