Free Trial

How major US stock indexes fared Wednesday, 5/8/2024

Stock drifted to a mixed close as Wall Street remains in a lull.

The S&P 500 closed little changed Wednesday, after a big three-day winning streak gave way to a tiny gain the prior day. The Dow Jones Industrial Average rose 0.4%, and the Nasdaq composite fell 0.2%.

Uber Technologies slumped after reporting worse results for the latest quarter than analysts expected. Shopify tumbled after giving a forecast for slowing revenue growth. Lyft and Arista Networks revved higher after topping expectations for profit and revenue. Treasury yields rose in the bond market.

On Wednesday:

The S&P 500 fell 0.03 points, or less than 0.1%, to 5,187.67.

The Dow Jones Industrial Average rose 172.13 points, or 0.4%, to 39,056.39.

The Nasdaq composite fell 29.80 points, or 0.2%, to 16,302.76

The Russell 2000 index of smaller companies fell 9.51 points, or 0.5%, to 2,055.13.

For the week:

The S&P 500 is up 59.88 points, or 1.2%.

The Dow is up 380.71 points, or 1%.

The Nasdaq is up 146.43 points, or 0.9%.

The Russell 2000 is up 19.41 points, or 1%.

For the year:

The S&P 500 is up 417.84 points, or 8.8%.

The Dow is up 1,366.85 points, or 3.6%.

The Nasdaq is up 1,291.40 points, or 8.6%.

The Russell 2000 is up 28.06 points, or 1.4%.

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

A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for January 2025. 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.

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