Home Business Performance of Key US Stock Indices on Wednesday, February 5, 2025

Performance of Key US Stock Indices on Wednesday, February 5, 2025

0

Wall Street wrapped up the trading day with a positive closing, as a majority of stocks posted gains that outweighed declines from notable companies like Alphabet, which revealed its latest financial results.

The S&P 500 index gained 0.4% on Wednesday, while the Dow Jones Industrial Average increased by 0.7%. The Nasdaq composite saw a modest rise of 0.2%.

Shares of Mattel surged after reporting earnings that significantly exceeded market expectations for the quarter. This boost helped to mitigate the impact of Alphabet’s stock decline, which was attributed to the reported deceleration in growth within its cloud services sector. Concurrently, treasury yields decreased in the bond market following a report indicating that the expansion of U.S. services fell below analysts’ forecasts.

On Wednesday’s market close:

The S&P 500 was up 23.60 points, translating to a 0.4% increase, reaching 6,061.48.

The Dow Jones Industrial Average witnessed an uptick of 317.24 points, or 0.7%, climbing to 44,873.28.

The Nasdaq composite advanced by 38.31 points, equivalent to a 0.2% rise, closing at 19,692.33.

The Russell 2000 index, representing smaller companies, rose 26.03 points, or 1.1%, to finish at 2,316.23.

Reviewing the week’s performance:

The S&P 500 accumulated a gain of 20.95 points, or 0.3%.

The Dow added 328.62 points, marking an increase of 0.7%.

The Nasdaq climbed by 64.89 points, resulting in a 0.3% rise.

The Russell 2000 index saw an increase of 28.54 points, approximately 1.2%.

Examining year-to-date figures:

The S&P 500 has advanced by 179.85 points, or 3.1%.

The Dow has spiked by 2,329.06 points, reflecting a rise of 5.5%.

The Nasdaq has increased by 381.54 points, corresponding to a 2% gain.

The Russell 2000 index is up 86.07 points, which is a 3.9% increase.