Home Money & Business Business Performance of Key US Stock Indices on Tuesday, October 22, 2024

Performance of Key US Stock Indices on Tuesday, October 22, 2024

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U.S. stock markets experienced a day of mixed results, bouncing back from significant losses that had occurred earlier.
The S&P 500 index registered a slight decrease of less than 0.1% on Tuesday, marking its second consecutive decline for the first time in six weeks.
The Dow Jones Industrial Average ended the day nearly unchanged, continuing its trend of record highs, with its most recent peak reached last Friday.
Conversely, the Nasdaq composite saw an uptick of 0.2%, buoyed by positive performances from several major technology firms, prominently including Microsoft.

In sector-specific news, GE Aerospace’s stock declined sharply after the company released revenue figures that fell short of investor expectations.
This downturn somewhat counteracted the positive momentum of General Motors, which enjoyed its most robust performance since 2020, exceeding profit forecasts.

Here are some of the key figures from Tuesday’s trading session:

The S&P 500 dipped by 2.78 points, or less than 0.1%, closing at 5,851.20.
The Dow Jones Industrial Average decreased by 6.71 points, or under 0.1%, settling at 43,924.89.
The Nasdaq composite climbed 33.12 points, or 0.2%, to finish at 18,573.13.
Meanwhile, the Russell 2000 index, which tracks smaller companies, saw a drop of 8.18 points, or 0.4%, bringing its total to 2,231.53.

Looking at the week as a whole, the S&P 500 has seen a decline of 13.47 points, or 0.2%.
The Dow has dropped by 351.02 points, representing a decrease of 0.8%.
However, the Nasdaq has gained 83.58 points, or 0.5%, while the Russell 2000 has fallen by 44.56 points, or 2%.

Examining the year-to-date performance, the S&P 500 has risen by 1,081.37 points, equivalent to a 22.7% increase.
The Dow has also seen substantial growth, gaining 5,235.35 points or 13.9%.
The Nasdaq has surged by 3,561.78 points, or 23.7%, while the Russell 2000 has improved by 204.45 points, marking a 10.1% rise.