U.S. stock indexes ended mixed after drifting between small losses and gains.
Trading was relatively subdued a day after strong reports on the economy stirred up worries that inflation and interest rates may remain higher than expected. The S&P 500 edged up 0.2% Wednesday. The Dow Jones Industrial Average added 0.3%, and the Nasdaq composite slipped 0.1%.
In the bond market, the moves were also more modest following the charge higher for yields over the last month. Reports on the economy came in mixed, and a top Federal Reserve official said he still expects rate cuts this year.
On Wednesday:
The S&P 500 rose 9.22 points, or 0.2%, to 5,918.25.
The Dow Jones Industrial Average rose 106.84 points, or 0.3%, to 42,635.20.
The Nasdaq composite fell 10.80 points, or 0.1%, to 19,478.88.
The Russell 2000 index of smaller companies fell 10.84 points, or 0.5%, to 2,238.96.
For the week:
The S&P 500 is down 24.22 points, or 0.4%.
The Dow is down 96.93 points, or 0.2%.
The Nasdaq is down 142.80 points, or 0.7%.
The Russell 2000 is down 29.51 points, or 1.3%.
For the year:
The S&P 500 is up 36.62 points, or 0.6%.
The Dow is down 90.98 points, or 0.2%.
The Nasdaq is up 168.08 points, or 0.9%.
The Russell 2000 is up 8.81 points, or 0.4%.
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
Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
