Home Money & Business Business Performance of Key US Stock Indexes on Wednesday, January 8, 2025

Performance of Key US Stock Indexes on Wednesday, January 8, 2025

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U.S. stock market indexes finished with mixed results, oscillating between minor losses and gains.
Market activity was relatively calm following a day when strong economic reports raised concerns about the possibility of sustained high inflation and interest rates. On Wednesday, the S&P 500 saw a slight increase of 0.2%. The Dow Jones Industrial Average registered a gain of 0.3%, while the Nasdaq composite experienced a decline of 0.1%.

In the bond market, the changes were also subdued after a notable rise in yields over the past month. Economic reports were varied, and a senior official from the Federal Reserve indicated he still anticipates rate reductions this year.

On Wednesday:
The S&P 500 increased by 9.22 points, or 0.2%, reaching 5,918.25.
The Dow Jones Industrial Average climbed 106.84 points, or 0.3%, to settle at 42,635.20.
The Nasdaq composite dipped 10.80 points, or 0.1%, closing at 19,478.88.
The Russell 2000 index, tracking smaller companies, fell 10.84 points, or 0.5%, to finish at 2,238.96.

For the week:
The S&P 500 has decreased by 24.22 points, equating to a 0.4% drop.
The Dow is down by 96.93 points, which is a 0.2% decline.
The Nasdaq experienced a reduction of 142.80 points or 0.7%.
The Russell 2000 has lost 29.51 points, reflecting a 1.3% decrease.

Year-to-date statistics reveal:
The S&P 500 is up by 36.62 points or 0.6%.
The Dow has fallen by 90.98 points, corresponding to a 0.2% decrease.
The Nasdaq has gained 168.08 points, marking a 0.9% increase.
The Russell 2000 has risen by 8.81 points or 0.4%.