Recent developments in the U.S. economy have stirred mixed reactions on Wall Street, with positive economic indicators leading to a decline in stock prices.
The S&P 500 Index registered a drop of 1.1% following two reports that highlighted a stronger-than-expected job market and heightened business activity. Meanwhile, the Dow Jones Industrial Average saw a decrease of 0.4%, and the Nasdaq composite experienced a more significant drop of 1.9%.

While the encouraging data signals a robust economy and alleviates fears of an impending recession, it raises concerns that the Federal Reserve may decide against lowering interest rates. In the wake of these reports, Treasury yields experienced a sharp increase, and major tech stocks, including Nvidia, faced some of the steepest losses.
On Tuesday, the stock performance was as follows: the S&P 500 declined by 66.35 points to close at 5,909.03; the Dow Jones fell 178.20 points finishing at 42,528.36; and the Nasdaq composite dropped 375.30 points to close at 19,489.68. Additionally, the Russell 2000 index, which tracks small-cap stocks, fell by 16.84 points, resulting in a total of 2,249.81.

Looking at the figures for the week, the S&P 500 is down by 33.44 points, or a decrease of 0.6%; the Dow has dropped 203.77 points, reflecting a 0.5% decline; the Nasdaq shows a reduction of 132.00 points, marking a 0.7% decrease; and the Russell 2000 has experienced a decrease of 18.67 points, which is a 0.8% drop.

In terms of yearly performance up to this point, the S&P 500 has increased by 27.40 points, representing a 0.5% gain; the Dow has seen a marginal decrease of 15.86 points, which is less than 0.1%; the Nasdaq boasts an increase of 178.89 points, equivalent to a 0.9% upswing; and lastly, the Russell 2000 has risen by 19.65 points, also a gain of 0.9%.