Free Trial

How major US stock indexes fared Thursday, 5/23/2024

Most U.S. stocks slumped after strong economic reports raised the possibility of interest rates staying painfully high.

The weakness was widespread on Thursday and overshadowed another blowout profit report from market heavyweight Nvidia.

The S&P 500 fell 0.7% and pulled further from its record set earlier this week. The Dow Jones Industrial Average tumbled more than 600 points, and the Nasdaq composite slipped 0.4%.

Treasury yields rose in the bond market after reports showed accelerating growth for U.S. business activity and a resilient job market.

Higher yields weighed on much of the market, particularly dividend payers like real-estate stocks.

On Thursday:

The S&P 500 fell 39.17 points, or 0.7%, to 5,267.84

The Dow Jones Industrial Average fell 605.78 points, or 1.5%, to 39,065.26.

The Nasdaq composite fell 65.51 points, or 0.4%, to 16,736.03.

The Russell 2000 index of smaller companies fell 33.30 points, or 1.6%, to 2,048.41.

For the week:

The S&P 500 is down 35.43 points, or 0.7%.

The Dow is down 938.33 points, or 2.3%.

The Nasdaq is up 50.07 points, or 0.3%.

The Russell 2000 is down 47.31 points, or 2.3%.

For the year:

The S&P 500 is up 498.01 points, or 10.4%.

The Dow is up 1,375.72 points, or 3.7%.

The Nasdaq is up 1,724.68 points, or 11.5%.

The Russell 2000 is up 21.33 points, or 1.1%.

Where should you invest $1,000 right now?

Before you make your next trade, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.

They believe these five stocks are the five best companies for investors to buy now...

See The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

From Landfills to Profits: Opal Fuels CEO Shares How the Company Turns Trash into Cash
The Real Reason Tesla Stock Is Soaring – and Why Tech Expert Says It Won’t Stop
Best ETFs for 2025: Growth, Stability, and AI-Driven Investing

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines