Stock Market News For Mar 4, 2019
Zacks Investment Research | Mar 03, 2019 09:41PM ET
Markets closed in green on Friday after Bloomberg reported that a trade deal between the United States and China would be finalized by the mid of March. Meanwhile, dismal U.S. manufacturing data from the Institute of Supply Management (ISM) weighed on the markets. Nevertheless, the three major indices ended the session in the positive territory. For the week, while the S&P 500 and the Nasdaq ended in the green, the Dow ended in the red.
The Dow Jones Industrial Average (DJI) increased 0.4%, to close at 26,026.32. The S&P 500 increased 0.7% to close at 2,803.69. The tech-laden Nasdaq Composite Index closed at 7,595.35, gaining 0.8%. The fear-gauge CBOE Volatility Index (VIX) decreased 6.6% to close at 13.80. Advancers outnumbered decliners on the NYSE by a 1.46-to-1 ratio. On Nasdaq, a 1.67-to-1 ratio favored advancing issues.
How Did the Benchmarks Perform?
The Dow gained 110.3 points to end the session in the positive territory. Gains for the Dow were buoyed by a surge in the shares of Nike (NYSE:NKE) and Chevron (NYSE:CVX) , which gained 1.9% and 2.1%, respectively.
The S&P 500 added 19.2 points to also end in the green. Of the 11 major sectors of the S&P 500, eight ended in the positive territory, with energy and healthcare leading the advancers. The Energy Select Sector SPDR ETF (NYSE:XLE) and the Health Care Select Sector SPDR ETF (NYSE:XLV) gained 1.8% and 1.4%, respectively. The broader index closed above the psychological 2,800 mark on Friday for the first time since Nov 8, 2018.
Meanwhile, the Nasdaq gained 62.8 points to also end in the green. Gains for the tech-laden index were buoyed by a 2% bump in the shares of Amazon (NASDAQ:AMZN) . You can see Zacks Investment Research
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