US Market Indexes Gain for the Week

Standard & Poor's 500 and Nasdaq Composite reach new highs

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May 05, 2017
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U.S. market indexes were higher on Friday.

The Standard & Poor's 500 and Nasdaq Composite reached new highs. For the day, the Dow Jones Industrial Average closed at 21,006.94 for a gain of 55.47 points or 0.26%. The S&P 500 closed at 2,399.29 for a gain of 9.77 points or 0.41%. The Nasdaq Composite closed at 6,100.76 for a gain of 25.42 points or 0.42%. The VIX Volatility Index was higher for the day at 10.57 for a gain of 0.11 points or 1.05%.

For the week, the Dow Jones gained 0.31%, the S&P 500 gained 0.63% and the Nasdaq Composite gained 0.87%.

Friday’s market movers

Friday’s jobs report helped stocks gain. The Bureau of Labor Statistics reported 211,000 jobs added in April, and the unemployment rate decreased to 4.4%. Consumer credit was also reported on Friday with an increase of $16.4 billion for the month.

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

In the broad market, energy stocks led gains. Technology stocks were also higher with the S&P 500 technology sector gaining 0.37%.

Small-cap stocks

In small-caps, the Russell 2000 Index closed at 1,396.99 for a gain of 8.14 points or 0.59%. The S&P 600 Small-Cap Index closed at 848.96 for a gain of 3.97 points or 0.47%. The Dow Jones Small-Cap Growth TSM Index closed at 8,414.51 for a gain of 66.55 points or 0.80%. The Dow Jones Small-Cap Value TSM Index closed at 9,608.41 for a gain of 59.79 points or 0.63%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,738.52 for a gain of 14.34 points or 0.83%; the S&P 100 Index at 1,061.26 for a gain of 2.84 points or 0.27%; the Russell 3000 Index at 1,422.28 for a gain of 6.74 points or 0.48%; the Russell 1000 Index at 1,330.23 for a gain of 6.18 points or 0.47%; and the Dow Jones U.S. Select Dividend Index at 656.05 for a gain of 5.17 points or 0.79%.

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