The Dow Jones Industrial Average closed at 27,219.52 on Friday with a gain of 37.07 points or 0.14%. The S&P 500 closed at 3,007.39 for a loss of 2.18 points or -0.07%. The Nasdaq Composite closed at 8,176.71 for a loss of 17.75 points or -0.22%. The VIX Volatility Index was lower at 13.74 for a loss of 0.48 points or -3.38%.
For the week, the Dow Jones gained 1.6%, the S&P 500 gained 1.0% and the Nasdaq was up 0.9%. For the year, the Nasdaq has a gain of 23.2%, the S&P 500 has a gain of 20.0% and the Dow Jones is up 16.7%.
Friday’s market movers
U.S. indexes were mostly lower on Friday, though the Dow Jones managed a small gain, helping it to its eighth consecutive day of increases. Both the Dow Jones and S&P 500 are just below their record highs.
China reported it would be exempting U.S. soybeans and pork along with a few other farm products from tariff increases in another positive step for trade negotiations. Retail sales also met expectations on Friday with the year-over-year report rising slightly more than the forecast.
Economic reports affecting market trading included the following:
Retail sales increased 0.4% in August following an increase of 0.8%. Year over year, retail sales were up 4.1% following an increase of 3.6% and beating the forecast of 3.2%. Import and export prices were released. Import prices decreased 0.5% in August following a 0.1% increase. Year over year, import prices were down 2%. Export prices decreased 0.6% in August following an increase of 0.2%. Year over year, export prices were down 1.4%. The Michigan Consumer Sentiment Index increased to 92.0 from 89.8. Business inventories increased 0.4% in July. The Baker Hughes North American oil rig count decreased to 1,020 from