U.S. stock markets experienced a modest recovery at the beginning of the trading session, but this momentum faded by the end of the day, resulting in indexes that remained largely unchanged. On Thursday, the S&P 500 dipped by 0.1%, following a particularly challenging day earlier in the week when the Federal Reserve indicated that it might implement fewer interest rate cuts in 2025 than initially anticipated. Meanwhile, the Dow Jones Industrial Average saw a slight rise of less than 0.1%, while the Nasdaq composite index saw a decrease of 0.1%.

In the bond market, U.S. Treasury yields showed a mixed performance in response to economic reports that suggested the economy could be more robust than had been expected, though there were indications that manufacturing might be experiencing a contraction once again.

On Thursday, the S&P 500 index fell by 5.08 points, or 0.1%, settling at 5,867.08. The Dow Jones Industrial Average gained 15.37 points, which is less than a 0.1% increase, reaching 42,342.24. Conversely, the Nasdaq composite saw a decline of 19.92 points, equivalent to 0.1%, closing at 19,372.77. Furthermore, the Russell 2000 index, which represents smaller companies, dropped by 10.01 points, or 0.4%, closing at 2,221.50.

When examining the week’s performance, the S&P 500 has decreased by 184.01 points, a drop of 3%. The Dow has also seen a decline, down 1,485.82 points, or 3.4%. The Nasdaq has lost 553.96 points, translating to a decrease of 2.8%, while the Russell 2000 has experienced a larger setback, down 125.40 points, or 5.3%.

Looking at the broader picture for the year so far, the S&P 500 has experienced a notable increase of 1,097.25 points, or 23%. The Dow has risen by 4,652.70 points, or 12.3%. The Nasdaq composite has surged by 4,361.42 points, marking an impressive 29.1% increase, and the Russell 2000 index has gained 194.42 points, or 9.6%.