How major US stock indexes fared Tuesday, 4/16/2024

Original Article:

Source: Link

Most U.S. stocks slipped as Treasury yields climbed again on rising expectations that interest rates may stay high for a while How major US stock indexes fared Tuesday, 4/16/2024 The Associated Press By The Associated Press 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. For the week: The S & P 500 is down 72 points, or 1.4%. The Dow is down 184.27 points, or 0.5%. The Nasdaq is down 309.84 points, or 1.9%. The Russell 2000 is down 35.70 points, or 1.8%. For the year: The S & P 500 is up 281.58 points, or 5.9%. The Dow is up 109.43 points, or 0.3%. The Nasdaq is up 853.90 points, or 5.7%. The Russell 2000 is down 59.60 points, or 2.9%.