U.S. stock markets concluded the day with mixed results as the economy continues to show signs of resilience.
The S&P 500 remained largely unchanged, demonstrating stability, while the Dow Jones Industrial Average registered a 0.4% increase, reaching a new all-time high established just a day earlier.
The Nasdaq composite made a slight gain of less than 0.1%.
Companies within the semiconductor sector, particularly Nvidia, were significant contributors to the day’s performance after TSMC, a global leader in chip production, reported profits that surpassed analysts’ expectations for the latest quarter.
Meanwhile, Treasury yields increased in the bond market following data that indicated a rise in consumer spending at retail outlets and a decrease in jobless claims.
On Thursday’s trading session:
The S&P 500 dipped by 1 point, or nearly 0.1%, concluding at 5,841.47.
The Dow Jones Industrial Average gained 161.35 points, representing a 0.4% increase to close at 43,239.05.
The Nasdaq composite inched up by 6.53 points, or less than 0.1%, to finish at 18,373.61.
Conversely, the Russell 2000 index, which tracks smaller companies, fell by 5.82 points, or 0.3%, ending at 2,280.85.
Reviewing the week’s performance:
The S&P 500 has risen by 26.44 points, equating to a 0.5% increase.
The Dow has seen an uptick of 375.19 points, or 0.9%.
The Nasdaq has climbed 30.67 points, marking a 0.2% gain.
The Russell 2000 index has experienced a notable growth of 46.44 points, or 2.1%.
When looking at performance for the year to date:
The S&P 500 has surged by 1,071.64 points, indicating a rise of 22.5%.
The Dow has also performed well, with an increase of 5,549.51 points, which translates to 14.7%.
The Nasdaq composite is up by 3,362.26 points, or 22.4%.
Lastly, the Russell 2000 index has gained 253.78 points, reflecting a 12.5% increase.