How major US stock indexes fared Tuesday, 4/16/2024
Time:2024-05-21 07:04:35 Source:opinionsViews(143)
Most U.S. stocks slipped as Treasury yields climbed again on rising expectations that interest rates may stay high for a while.
The S&P 500 fell 0.2% Tuesday. The Dow Jones Industrial Average rose 0.2%, and the Nasdaq composite fell 0.1%.
UnitedHealth helped support the market after jumping on a stronger-than-expected profit report. But the majority of stocks weakened after two top officials at the Federal Reserve warned it may not cut interest rates for a while after inflation reports this year came in worse than expected. The two-year Treasury yield briefly climbed as high as 5% before paring its gain.
On Tuesday:
The S&P 500 fell 10.41 points, or 0.2%, to 5,051.41.
The Dow Jones Industrial Average rose 63.86 points, or 0.2%, to 37,798.97.
The Nasdaq composite fell 19.77 points, or 0.1%, to 15,865.25.
The Russell 2000 index of smaller companies fell 8.23 points, or 0.4%, to 1,967.48.
Previous:'Constantly learning' Imanaga off to impressive start with the Chicago Cubs
Next:Company wins court ruling to continue development of Michigan factory serving EV industry
You may also like
- Sweden beats France, Britain relegated after losing to Norway at hockey worlds
- Feature: China's satellite TV aid project enlightens remote rural villages in Africa
- Softer economic data call for quick, decisive action
- Romanian artists share China travel experiences
- Biden says Brown v. Board of Education ruling was about more than education
- Xi's visit before Spring Festival touches hearts
- Bridge on Xiong'an Expressway in place
- Premier's European tour to bolster ties, ministry says
- Dodgers acquire pitcher Yohan Ramírez from Mets for cash