Wall Street added a bit more to its big rally from a day before and to its gains so far for November.
The S&P 500 rose 0.2% Wednesday. The Dow climbed 163 points, and the Nasdaq composite edged up 0.1%. Target soared after reporting much stronger profit than analysts expected. Another big retailer, TJX, fell after giving a forecast for the holiday season that fell short of estimates.
The market was moving more tentatively following its best day since April. Treasury yields rose after one report said inflation was easing at the wholesale level but another indicated sales at retailers were stronger than expected.
On Wednesday:
The S&P 500 rose 7.18 points, or 0.2%, to 4,502.88.
The Dow Jones Industrial Average rose 163.51 points, or 0.5%, to 34,991.21.
The Nasdaq composite rose 9.45 points, or 0.1%, to 14,103.84.
The Russell 2000 index of smaller companies rose 2.90 points, or 0.2% to 1,801.22.
For the week:
The S&P 500 is up 87.64 points, or 2%.
The Dow is up 708.11 points, or 2.1%.
The Nasdaq is up 305.73 points, or 2.2%
The Russell 2000 is up 95.90 points, or 5.6%.
For the year:
The S&P 500 is up 663.38 points, or 17.3%.
The Dow is up 1,843.96 points, or 5.6%.
The Nasdaq is up 3,637.35 points, or 34.8%
The Russell 2000 is up 39.97 points, or 2.3%.
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
MarketBeat's analysts have just released their top five short plays for September 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
