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Dow Jones Reports 8th Consecutive Positive Close

U.S. market indexes closed higher on Monday. The Dow Jones Industrial Average closed at 24899.41 for a gain of 68.24 points or 0.27%. The S&P 500 closed at 2730.13 for a gain of 2.41 points or 0.09%. The Nasdaq Composite closed at 7411.32 for a gain of 8.43 points or 0.11%. The VIX Volatility Index closed at 12.93 with a gain of 0.28 points or 2.21%.

Monday’s market movers

The Dow Jones reported its eighth consecutive day of gains. The Russell 2000 small-cap index also nearly reported an intra-day record high. The positive sentiment has been helped by easing trade tensions, specifically between the U.S. and China, and more positive reports from companies announcing first quarter earnings. Sectors leading gains for the day on Monday included energy and health care.

No major economic reports were released on Monday. The main economic focus for the day was on Treasury bill primary market auctions which were sold at the following interest rates:

Three-month: 1.89%

Six-month: 2.035%

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

UnitedHealth (NYSE:UNH) 1.94%

Walmart (NYSE:WMT) 1.21%

Pfizer (NYSE:PFE) 1.01%

Small-cap stocks

In small-caps, the Russell 2000 closed at 1600.34 for a loss of -6.45 points or -0.40%. The S&P 600 closed at 982.13 for a loss of -4.74 points or -0.48%. The Dow Jones Small-Cap Growth TSM Index closed at 9949.31 for a loss of -25.56 points or -0.26%. The Dow Jones Small-Cap Value TSM Index closed at 10161.35 for a loss of -36.06 points or -0.35%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1935.23 for a loss of -3.86 points or -0.20%; the S&P 100 at 1202.06 for a gain of 1.93 points or 0.16%; the Russell 3000 at 1619.40 for a gain of 0.54 points or 0.03%; the Russell 1000 at 1513.79 for a gain of 1.06 points or 0.07%; and the Dow Jones U.S. Select Dividend Index at 694.26 for a gain of 0.08 points or 0.01%.

Dow Jones Reports 8th Consecutive Positive Close

U.S. market indexes closed higher on Monday. The Dow Jones Industrial Average closed at 24899.41 for a gain of 68.24 points or 0.27%. The S&P 500 closed at 2730.13 for a gain of 2.41 points or 0.09%. The Nasdaq Composite closed at 7411.32 for a gain of 8.43 points or 0.11%. The VIX Volatility Index closed at 12.93 with a gain of 0.28 points or 2.21%.

Monday’s market movers

The Dow Jones reported its eighth consecutive day of gains. The Russell 2000 small-cap index also nearly reported an intra-day record high. The positive sentiment has been helped by easing trade tensions, specifically between the U.S. and China, and more positive reports from companies announcing first quarter earnings. Sectors leading gains for the day on Monday included energy and health care.

No major economic reports were released on Monday. The main economic focus for the day was on Treasury bill primary market auctions which were sold at the following interest rates:

Three-month: 1.89%

Six-month: 2.035%

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

UnitedHealth (NYSE:UNH) 1.94%

Walmart (NYSE:WMT) 1.21%

Pfizer (NYSE:PFE) 1.01%

Small-cap stocks

In small-caps, the Russell 2000 closed at 1600.34 for a loss of -6.45 points or -0.40%. The S&P 600 closed at 982.13 for a loss of -4.74 points or -0.48%. The Dow Jones Small-Cap Growth TSM Index closed at 9949.31 for a loss of -25.56 points or -0.26%. The Dow Jones Small-Cap Value TSM Index closed at 10161.35 for a loss of -36.06 points or -0.35%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1935.23 for a loss of -3.86 points or -0.20%; the S&P 100 at 1202.06 for a gain of 1.93 points or 0.16%; the Russell 3000 at 1619.40 for a gain of 0.54 points or 0.03%; the Russell 1000 at 1513.79 for a gain of 1.06 points or 0.07%; and the Dow Jones U.S. Select Dividend Index at 694.26 for a gain of 0.08 points or 0.01%.

UnitedHealth, Walmart Buoy the Dow Monday

May 14, 2018: Markets opened higher Monday and managed to stay in the green all day, even if not by much. The energy sector put up the best gain with healthcare performing well also. The 10-year Treasury notes stayed just a bit under 3% and the dollar regained some of last week’s losses.

WTI crude oil for June delivery settled at $70.96 a barrel, up about 0.4% for the day. June gold dropped about 0.2% on the day to settle at $1,318.20. Equities were headed for a higher close about 10 minutes before the bell as the Dow traded up 0.14% for the day, the S&P 500 traded down 0.03%, and the Nasdaq Composite traded down 0.04%.

Equity indexes traded very near the break-even line just minutes before the closing bell. The closing tally could show either a small gain or a small loss for any of the indexes.

Bitcoin futures (XBTK8) for May delivery traded at $8,765, up about 1.7% on the CBOE after opening at $8,685 this morning. The trading range today was $8,265 to $8,830.

The Dow stock posting the largest daily percentage gain ahead of the close Monday was UnitedHealth Group Inc. (NYSE: UNH) which traded up 1.67% at $242.25. The stock’s 52-week range is $166.65 to $250.79. Volume was about 15% below the daily average of around 3.5 million shares. The company had no specific news.

Walmart Inc. (NYSE: WMT) traded up 1.26% at $84.43. The stock’s 52-week range is $73.13 to $109.98. Volume was about 40% below the daily average of around 12 million. The company had no specific news.

Pfizer Inc . (NYSE: PFE) traded up 0.83% at $35.80. The stock’s 52-week range is $31.67 to $39.43. Volume was about 40% below the daily average of around 22.5 million shares. The president’s announcement last week kept boosting drug stocks Monday.

DowDuPont Inc. (NYSE: DWDP) traded up 0.63% at $67.35 in a 52-week range of $59.29 to $77.08. Volume was about half the daily average of 8.9 million. The company had no specific news.

Of the Dow stocks, 19 are on track to close higher Monday and 11 are set to close lower.

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