The Dow Jones Industrial Average closed at 25,451.06 on Friday with a loss of -76.01 points or -0.30%. The S&P 500 closed at 2,818.82 for a loss of -18.62 points or -0.66%. The Nasdaq Composite closed at 7,737.42 for a loss of -114.77 points or -1.46%. The VIX Volatility Index was higher at 13.04 for a gain of 0.90 points or 7.41%.
For the week, the Dow Jones gained 1.6%, the S&P 500 gained 0.6% and the Nasdaq Composite decreased -1.1%.
Year to date, the Dow Jones has a gain of 4.27%, the S&P 500 has gained 7.08% and the Nasdaq Composite has a return of 14.11%.
Friday’s market movers
Disappointing earnings from some of the market’s larger blue-chip companies overshadowed a relatively positive gross domestic product report (GDP), pushing U.S. market indexes lower on Friday. Detractors for the day included Exxon Mobil (NYSE:XOM), Intel (NASDAQ:INTC) and Twitter (NYSE:TWTR). Sectors leading losses overall included technology, real estate and health care.
Economic reports affecting market trading included the following:
GDP reported a seasonally adjusted annual growth rate of 4.1% for the second quarter, below its consensus estimate of 4.2%. The University of Michigan’s Consumer Sentiment Index increased to 97.9 from 97.1. The Baker Hughes rig count increased to 1,271 from 1,257.
In the Dow Jones Industrial Average, the following stocks led losses:
In small-caps, the Russell 2000 closed at 1,663.37 for a loss of -31.99 points or -1.89%. The S&P 600 closed at 1,041.30 for a loss of -18.47 points or -1.74%. The Dow Jones Small-Cap Growth TSM Index closed at 10,276.27 for a loss of -196.60 points or -1.88%. The Dow Jones Small-Cap Value TSM Index closed at 10,477.93 for a loss of -112.27 points or -1.06%.
Other notable indexes
Other notable index closes included the S&P