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US Indexes Close Mostly Lower on Friday

The Dow Jones Industrial Average closed at 27,219.52 on Friday with a gain of 37.07 points or 0.14%. The S&P 500 closed at 3,007.39 for a loss of 2.18 points or -0.07%. The Nasdaq Composite closed at 8,176.71 for a loss of 17.75 points or -0.22%. The VIX Volatility Index was lower at 13.74 for a loss of 0.48 points or -3.38%.

For the week, the Dow Jones gained 1.6%, the S&P 500 gained 1.0% and the Nasdaq was up 0.9%. For the year, the Nasdaq has a gain of 23.2%, the S&P 500 has a gain of 20.0% and the Dow Jones is up 16.7%.

Friday's market movers

U.S. indexes were mostly lower on Friday, though the Dow Jones managed a small gain, helping it to its eighth consecutive day of increases. Both the Dow Jones and S&P 500 are just below their record highs.

China reported it would be exempting U.S. soybeans and pork along with a few other farm products from tariff increases in another positive step for trade negotiations. Retail sales also met expectations on Friday with the year-over-year report rising slightly more than the forecast.

Economic reports affecting market trading included the following:

  • Retail sales increased 0.4% in August following an increase of 0.8%. Year over year, retail sales were up 4.1% following an increase of 3.6% and beating the forecast of 3.2%.
  • Import and export prices were released. Import prices decreased 0.5% in August following a 0.1% increase. Year over year, import prices were down 2%. Export prices decreased 0.6% in August following an increase of 0.2%. Year over year, export prices were down 1.4%.
  • The Michigan Consumer Sentiment Index increased to 92.0 from 89.8.
  • Business inventories increased 0.4% in July.
  • The Baker Hughes North American oil rig count decreased to 1,020 from 1,045.

In the S&P 500, materials and energy led gains, while real estate and technology led losses. In the Dow Jones Industrial Average, the following stocks led gains and losses:

  • Dow Inc. (NYSE:DOW) 2.79%
  • UnitedHealth (NYSE:UNH) 2.03%
  • JPMorgan (NYSE:JPM) 2.00%
  • Apple (NASDAQ:AAPL) -1.91%
  • Travelers (NYSE:TRV) -1.40%
  • Pfizer (NYSE:PFE) -0.95%

Small-cap stocks

In small caps, the Russell 2000 closed at 1,578.14 for a gain of 3.07 points or 0.20%. The S&P 600 closed at 975.95 for a gain of 1.52 points or 0.16%. The Dow Jones U.S. Small-Cap Growth Index closed at 10,051.16 for a loss of 2.27 points or -0.02%. The Dow Jones U.S. Small-Cap Value Index closed at 9,613.65 for a gain of 4.38 points or 0.05%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,963.16 for a gain of 0.80 points or 0.041%; the S&P 100 at 1,330.97 for a loss of 1.01 points or -0.076%; the Nasdaq 100 at 7,892.95 for a loss of 24.39 points or -0.31%; the Russell 3000 at 1,763.90 for a loss of 1.42 points or -0.081%; the Russell 1000 at 1,661.46 for a loss of 1.67 points or -0.10%; the Wilshire 5000 at 30,768.80 for a loss of 22.95 points or -0.075%; and the Dow Jones U.S. Select Dividend Index at 730.91 for a loss of 1.33 points or -0.18%.

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This article first appeared on GuruFocus.