As Wall Street momentum slowed after a recent big rally, US stocks drifted over a quiet trading day.
The S&P 500 was essentially flat on Wednesday, with an all-time high of 2.8%. Dow Jones’ industrial average slipped by 0.2%, while Nasdaq’s composites rose by 0.3%.
In the bond market, this behavior has become stronger, with the Treasury falling after a pair of weaker than expected reports about the economy. Reports on production by the job market and the US services business have raised expectations for the Federal Reserve cuts in interest rates. Stock indexes rose in most of Europe and Asia.
on wednesday:
The S&P 500 rose 0.44 points to 5,970.81, below 0.1%.
The Dow Jones industrial average fell to 42,427.74, 91.90 points (0.2%).
Nasdaq Composite rose 61.53 points (0.3%) to 19,460.49.
The Russell 2000 Index for small businesses fell 4.50 points (0.2%) to 2,098.48.
week:
The S&P 500 has increased by 59.12 points, or 1%.
The Dow has increased by 157.67 points (0.4%).
NASDAQ has increased by 346.72 points (1.8%).
The Russell 2000 rose 32.20 points, up 1.6%.
this year:
The S&P 500 has increased by 89.18 points, up 1.5%.
The Dow has dropped by 116.48 points, or 0.3%.
NASDAQ has increased by 149.70 points (0.8%).
The Russell 2000 has dropped by 131.68 points, or 5.9%.
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