Wall Street wrapped up the trading session with mixed results, influenced by declines in shares of Ford Motor and Qualcomm, which counterbalanced the positive performance of fashion and tobacco stocks.
On Thursday, the S&P 500 experienced a modest increase of 0.4%, following favorable trends observed in stock markets across many parts of Europe and Asia. In contrast, the Dow Jones Industrial Average noted a decrease of 125 points, equivalent to 0.3%, while the Nasdaq Composite registered an uptick of 0.5%.
Despite both Ford and Qualcomm posting higher-than-anticipated profits, their stock prices fell. Conversely, Tapestry, Ralph Lauren, and Philip Morris International saw a rise in their stock valuations.
The stock performance for Thursday is summarized as follows:
– The S&P 500 climbed by 22.09 points, or 0.4%, closing at 6,083.57.
– The Dow Jones Industrial Average declined by 125.65 points, or 0.3%, finishing at 44,747.63.
– The Nasdaq Composite increased by 99.66 points, or 0.5%, to end at 19,791.99.
– The Russell 2000 index, which tracks smaller companies, slipped by 9.11 points, or 0.4%, to reach 2,307.12.
Throughout the week, the trends showed overall gains: the S&P 500 added 43.04 points, approximately 0.7%; the Dow increased by 202.97 points, or 0.5%; the Nasdaq grew by 164.55 points, or 0.8%; and the Russell 2000 rose by 19.43 points, around 0.8%.
Looking at the performance year-to-date, the S&P 500 has climbed 201.94 points, translating to a 3.4% increase. The Dow gained 2,203.41 points, or 5.2%, the Nasdaq rose by 481.20 points, equating to a 2.5% increase, and the Russell 2000 experienced a gain of 76.96 points, or 3.5%.
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