U.S. stock markets closed with mixed results after initially showing gains in the morning before fluctuating as the day progressed.
The S&P 500 inched up slightly, gaining less than 0.1%, just enough to halt a four-day losing streak that had interrupted its climb to an all-time high.
Meanwhile, the Dow Jones Industrial Average experienced a decline of 0.4%, and the Nasdaq composite saw a rise of 0.3% at the close of the day.
Key stocks contributed to the market’s varied performance, with Nvidia seeing upward movement, while Apple experienced a downturn.
In addition, General Motors witnessed a positive boost after announcing plans to increase cash returns to investors.
Treasury yields also dipped, signifying ongoing concerns about economic growth among investors.
Taking a closer look at the numbers for Wednesday:
The S&P 500 increased by 0.81 points, ending at 5956.06, reflecting a gain of less than 0.1%.
The Dow Jones Industrial Average dropped by 188.04 points to finish at 43,433.12, marking a 0.4% decrease.
The Nasdaq composite advanced by 48.88 points, closing at 19,075.26, achieving a growth of 0.3%.
Small-cap companies, reflected by the Russell 2000 index, rose by 4.09 points to 2,174.17, depicting a 0.2% increase.
Observing the broad trends for the week:
The S&P 500 has declined by 57.07 points, which is a decrease of 0.9%.
Contrastingly, the Dow has seen a marginal increase of 5.10 points, less than 0.1%.
The Nasdaq fell by 448.74 points, indicating a fall of 2.3%.
And the Russell 2000 has shed 21.18 points, a 1% drop.
Assessing the broader picture for the year so far:
The S&P 500 has recorded an increase, climbing by 74.43 points or 1.3%.
The Dow is up by 888.90 points, translating to a 2.1% rise.
However, the Nasdaq has decreased by 235.53 points, a reduction of 1.2%.
Finally, the Russell 2000 index is down by 55.98 points, a decrease of 2.5%.
