The Dow Jones Industrial Average closed at 26,827.64 on Monday with a gain of 57.44 points or 0.21%. The S&P 500 closed at 3,006.72 for a gain of 20.52 points or 0.69%. The Nasdaq Composite closed at 8,162.99 for a gain of 73.44 points or 0.91%. The VIX Volatility Index was lower at 14.00 for a loss of 0.25 points or -1.75%.
Monday’s market movers
Investors started the week optimistic about China trade and corporate earnings. Financials led gains for the day after the big banks kicked off earnings season last week. Year to date, Citigroup is leading bank stock returns with a gain of 37%:
- Citigroup (C, Financial) 36.67%
- JPMorgan (JPM ) 26.88%
- Goldman Sachs (GS, Financial) 25.36%
- Bank of America (BAC, Financial) 25.12%
- Morgan Stanley (MS, Financial) 12.51%
- Wells Fargo (WFC, Financial) 11.50%
In the U.K., the country was forced to seek a January 2020 extension after voting on the current Brexit deal did not pass through parliament.
On the economic calendar, the Treasury held auctions for three-month bills at a rate of 1.630% and six-month bills at a rate of 1.600%.
In the S&P 500, the energy, financial and technology sectors led gains. In the Dow Jones Industrial Average, the following stocks led gains:
- JPMorgan (JPM, Financial) 2.47%
- American Express (AXP, Financial) 1.96%
- Apple (AAPL, Financial) 1.82%
- 3M (MMM, Financial) 1.72%
- Exxon (XOM, Financial) 1.67%
- Chevron (CVX, Financial) 1.66%
Small-cap stocks
In small caps, the Russell 2000 closed at 1,550.49 for a gain of 15 points or 0.98%. The S&P 600 closed at 958.85 for a gain of 8.48 points or 0.89%. The Dow Jones U.S. Small-Cap Growth Index closed at 9,845.12 for a gain of 81.83 points or 0.84%. The Dow Jones U.S. Small-Cap Value Index closed at 9,541.81 for a gain of 102.04 points or 1.08%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,947.66 for a gain of 10.90 points or 0.56%; the S&P 100 at 1,331.59 for a gain of 9.98 points or 0.76%; the Nasdaq 100 at 7,940.33 for a gain of 71.84 points or 0.91%; the Russell 3000 at 1,760.19 for a gain of 12.12 points or 0.69%; the Russell 1000 at 1,659.83 for a gain of 11.13 points or 0.68%; the Wilshire 5000 at 30,724.83 for a gain of 218.61 points or 0.72%; and the Dow Jones U.S. Select Dividend Index at 729.63 for a gain of 4.58 points or 0.63%.
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