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US Market Indexes Higher on Friday

- By Julie Young

U.S. market indexes ended the week higher on Friday. For the day, the Dow Jones Industrial Average closed at 21,987.56 for a gain of 39.46 points or 0.18%. The S&P 500 closed at 2,476.55 for a gain of 4.90 points or 0.20%. The Nasdaq Composite closed at 6,435.33 for a gain of 6.67 points or 0.10%. The VIX Volatility Index was lower at 10.13 for a loss of -0.46 points or -4.34%.

For the week, the Dow Jones gained 0.79%, the S&P 500 gained 1.36% and the Nasdaq Composite gained 2.69%.

Friday's market movers

Economic reports released on Friday were the main factors affecting trading.

  • The Employment Situation report showed an increase of 156,000 jobs, just below consensus of 180,000. The unemployment rate increased to 4.4% from 4.3%.
  • Motor vehicle sales for August were reported. Total vehicle sales decreased to an annualized rate of 16.1 million.
  • The PMI Manufacturing Index was reported at 52.8, a decrease from its prior report of 53.3.
  • The ISM Manufacturing Index was reported at 58.8, an increase from the prior report of 56.3 and above consensus of 56.6.
  • Construction spending decreased -0.6% and increased 1.8% annually.
  • The University of Michigan's Consumer Sentiment Index decreased to 96.8 from 97.6.

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

General Electric (GE) 2.40%

Chevron (CVX) 1.06%

Nike (NKE) 1.04%

Goldman Sachs (GS) 0.96%

DuPont (DD) 0.89%

JPMorgan (JPM) 0.89%

In the broad market, energy stocks regained some of their losses and technology was lower. The S&P 500 energy sector reported a gain of 0.97% and the S&P 500 technology sector reported a loss of -0.09%.

Small-cap stocks

In small-caps, the Russell 2000 Index closed at 1,413.57 for a gain of 8.29 points or 0.59%. The S&P 600 Small-Cap Index closed at 847.05 for a gain of 6.62 points or 0.79%. The Dow Jones Small-Cap Growth TSM Index closed at 8,637.83 for a gain of 48.38 points or 0.56%. The Dow Jones Small-Cap Value TSM Index closed at 9,535.77 for a gain of 53.92 points or 0.57%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,737.79 for a gain of 6.91 points or 0.40%; the S&P 100 Index at 1,095.25 for a gain of 1.47 points or 0.13%; the Russell 3000 Index at 1,465.45 for a gain of 3.64 points or 0.25%; the Russell 1000 Index at 1,372.65 for a gain of 3.04 points or 0.22%; and the Dow Jones US Select Dividend Index at 659.60 for a gain of 2.57 points or 0.39%.

This article first appeared on GuruFocus.