How major US stock indexes fared Tuesday, 4/23/2024

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Stocks rallied for a second straight day on Wall Street, softening what’s been a rough April How major US stock indexes fared Tuesday, 4/23/2024 The Associated Press By The Associated Press Stocks rallied for a second straight day on Wall Street, softening what’s been a rough April. The S & P 500 added 1.2% Tuesday to pull further out of the hole created by a six-day losing streak. The Dow Jones Industrial Average climbed 0.7%, and the Nasdaq composite rose 1.6%. A weaker-than-expected report on U.S. business activity helped support the market, which remains in an awkward phase. The hope on Wall Street is for the economy to avoid a severe recession, but not to stay so hot that it keeps upward pressure on inflation. GE Aerospace soared after raising its profit forecast. On Tuesday: The S & P 500 rose 59.95 points, or 1.2%, to 5,070.55. The Dow Jones Industrial Average rose 263.71 points, or 0.7%, to 38,503.69. The Nasdaq composite rose 245.33 points, or 1.6%, to 15,696.64. The Russell 2000 index of smaller companies rose 35.17 points, or 1.8%, to 2,002.64. For the week: The S & P 500 is up 103.32 points, or 2.1%. The Dow is up 517.29 points, or 1.4%. The Nasdaq is up 414.63 points, or 2.7%. The Russell 2000 is up 54.99 points, or 2.8%. For the year: The S & P 500 is up 300.72 points, or 6.3%. The Dow is up 814.15 points, or 2.2%. The Nasdaq is up 685.29 points, or 4.6%. The Russell 2000 is down 24.43 points, or 1.2%.