U.S. stock markets experienced a generally subdued trading session with mixed results on Wall Street, while the S&P 500 continued to build on its previous record levels.
On Wednesday, the S&P 500 marked a 0.2% increase after reaching an unprecedented high the day before. The Dow Jones Industrial Average also saw a modest rise of 0.2%, while the Nasdaq composite edged up by 0.1%.
An influential factor in bolstering the market was Tesla, led by Elon Musk, which played a significant role in counterbalancing a substantial decline for Celanese. The chemical firm had issued warnings regarding weakening conditions in several of its markets. Meanwhile, Treasury yields saw a slight decline, and stock indices across Europe experienced downward trends.
Here are the details from Wednesday’s trading:
The S&P 500 increased by 14.57 points, or 0.2%, closing at 6,144.15.
The Dow Jones Industrial Average added 71.25 points, or 0.2%, finishing at 44,627.59.
The Nasdaq composite rose by 14.99 points, or 0.1%, to reach 20,056.25.
Conversely, the Russell 2000 index, which represents smaller companies, saw a decrease of 7.90 points, or 0.3%, closing at 2,282.46.
Looking back at the week thus far:
The S&P 500 has climbed 29.52 points, or 0.5%.
The Dow is up by 81.51 points, or 0.2%.
The Nasdaq has gained 29.48 points, or 0.1%.
Finally, the Russell 2000 has increased by 2.48 points, or 0.1%.
In terms of year-to-date performance:
The S&P 500 has improved by 262.52 points, or 4.5%.
The Dow has surged by 2,083.37 points, or 4.9%.
The Nasdaq is up 745.46 points, or 3.9%.
And the Russell 2000 has recorded an uptick of 52.30 points, or 2.3%.