The Dow Jones Industrial Average closed at 27,931.02 on Friday with a gain of 34.30 points or 0.12%. The S&P 500 closed at 3,372.85 for a loss of 0.58 points or-0.02%. The Nasdaq Composite closed at 11,019.30 for a loss of 23.20 points or -0.21%. The VIX Volatility Index was lower at 21.89 for a loss of 0.24 points or -1.08%.
For the week, the Dow Jones gained 1.8%, the S&P 500 gained 0.6% and the Nasdaq gained 0.1%. For the year, the Nasdaq has a gain of 23.07%, the S&P 500 has a gain of 4.4% and the Dow Jones is down 2.25%.
Friday's market movers
U.S. stocks were mostly lower Friday. The major indexes ended the week with a slight gain. Retail sales increased 1.2% in July. Grocery, outdoor activity and online shopping were the strongest contributors. Retail sales in China were down 1.1%. Retail data overall showed that the pace of a recovery might be slowing. In Washington D.C., Congressional leaders showed no progress on stimulus actions.
Economic reports affecting market trading included the following:
Retail sales increased 1.2% in July following an increase of 8.4%. Retail sales excluding autos increased 1.9%. Year over year, retail sales increased 2.7%, following an increase of 2.1%.
Business inventories decreased 1.1% in June following a decrease of 2.3%.
The Productivity and Costs report was released. Nonfarm productivity increased 7.3% in the second quarter and unit labor costs increased 12.2%.
The Federal Reserve released its Industrial Production and Capacity report. Industrial production increased 3% in July following an increase of 5.7%. Year over year, industrial production decreased 8.2%. Manufacturing production increased 3.4% in July following an increase of 7.4%. Year over year, manufacturing production decreased 7.7%. Capacity utilization increased to 70.6% in July, up from 68.5%.
The Michigan Consumer Sentiment Index increased to72.8 from 72.5.
The Baker Hughes North American oil rig count increased to 298 from 294.
Across sectors, energy led gains and biotech led losses. In the S&P 500, the following stocks led gains and losses:
Mckesson Corp. (NYSE:MCK) +4.18%
Applied Materials (NASDAQ:AMAT) +3.92%
DXC Technology Company (NYSE:DXC) +3.87%
Corteva (NYSE:CTVA) +3.64%
Cabot Oil & Gas Corp. (NYSE:COG) +3.41%
Royal Caribbean Cruises (NYSE:RCL) +3.37%
Simon Property Group (NYSE:SPG) +3.28%
The Southern Co. (NYSE:SO) -2.64%
Dexcom, Inc. (NASDAQ:DXCM) -2.32%
Duke Realty Corp. (NYSE:DRE) -2.30%
Sempra Energy (NYSE:SRE) -2.10%
Wynn Resorts (NASDAQ:WYNN) -1.95%
In small caps, the Russell 2000 closed at 1,577.88 for a loss of 1.91 points or -0.12%. The S&P 600 closed at 917.90 for a gain of 0.33 points or 0.036%. The Dow Jones U.S. Small-Cap Growth Index closed at 10,925.85 for a loss of 31.23 points or -0.29%. The Dow Jones U.S. Small-Cap Value Index closed at 7,474.40 for a gain of 41.74 points or 0.56%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,949.56 for a loss of 3.06 points or -0.16%; the S&P 100 at 1,557.29 for a loss of 0.54 points or -0.035%; the Nasdaq 100 at 11,164.45 for a loss of 13.92 points or -0.12%; the Russell 3000 at 1,971.34 for a loss of 0.88 points or -0.045%; the Russell 1000 at 1,870.80 for a loss of 0.75 points or -0.040%; the Wilshire 5000 at 34,464.22 for a loss of-11.07 points or -0.032%; and the Dow Jones U.S. Select Dividend Index at 614.09 for a gain of 2.35 points or 0.38%.
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This article first appeared on GuruFocus.