Stock Market News For Oct 2, 2017
Zacks Investment Research | Oct 01, 2017 10:12PM ET
Markets closed higher on Friday after the S&P 500 hit another record close following a rally in shares of Facebook. The Russell 2000 also notched up a record close. Meanwhile, President Trump interviewed former and current Federal Reserve Governors Kevin Warsh and Jay Powell to discuss a potential appointment as Fed Chairwoman Janet Yellen’s successors as the latter nears the end of her term in February.
The Dow Jones Industrial Average (DJIA) closed at 22,405.09, gaining 0.1%. The S&P 500 Index (INX) increased 0.4% to close at 2,519.36. Meanwhile, the Nasdaq Composite Index (IXIC) closed at 6,495.96, increasing 0.7%. A total of 6.01 billion shares were traded on Friday, lower than the last 20-session average of 6.25 billion shares. Advancing issues outnumbered decliners on the NYSE by 1.50-to-1 ratio. On the Nasdaq, advancers outnumbered decliners by 1.35-to-1 ratio. The CBOE VIX traded lower and closed at 9.5.
S&P 500, Russell 2000 Index Hit Record Close
The S&P 500 notched up its 39th record close for 2017 after it gained 9.30 points on Friday. Of the 11 major sectors of the S&P 500, eight ended in the green, with technology stocks leading the advancers. The Technology Select Sector SPDR ETF (NYSE:XLK) gained 0.7%. Such gains were buoyed by a surge in the shares of Facebook (NASDAQ:FB) , which gained 1.3%. The company possesses a Zacks Rank #2 (Buy). You can see Zacks Investment Research
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