Most U.S. stocks fell, but hopes for coming cuts to interest rates and Wall Street’s continued frenzy around artificial-intelligence technology sent indexes to more record highs.
The S&P 500 rose 0.2% Thursday after a day of drifting between shallow gains and losses, beating the all-time high it set the day before. The Nasdaq composite climbed 0.3%, also setting another record. The Dow Jones Industrial Average fell 0.2%.
Technology company Broadcom soared 12.3%. Treasury yields eased again in the bond market as conviction built that inflation is slowing enough to get the Federal Reserve to cut interest rates later this year.
On Thursday:
The S&P 500 rose 12.71 points, or 0.2%, to 5,433.74.
The Dow Jones Industrial Average fell 65.11 points, or 0.2%, to 38,647.10.
The Nasdaq composite rose 59.12 points, or 0.3%, to 17,667.56.
The Russell 2000 index of smaller companies fell 18.19 points, or 0.9%, to 2,038.91.
For the week:
The S&P 500 is up 86.75 points, or 1.6%.
The Dow is down 151.89 points, or 0.4%.
The Nasdaq is up 534.43 points, or 3.1%.
The Russell 2000 is up 12.36 points, or 0.6%.
For the year:
The S&P 500 is up 663.91 points, or 13.9%.
The Dow is up 957.56 points, or 2.5%.
The Nasdaq is up 2,656.21 points, or 17.7%.
The Russell 2000 is up 11.84 points, or 0.6%.
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
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
