How major US stock indexes fared Wednesday, 8/14/2024

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Wall Street ticked higher after the latest update on inflation came in almost exactly as economists expected How major US stock indexes fared Wednesday, 8/14/2024 The Associated Press By The Associated Press Wall Street ticked higher after the latest update on inflation came in almost exactly as economists expected. The S & P 500 rose 0.4% Wednesday, coming off one of its best days of the year. The Dow Jones Industrial Average added 0.6%, and the Nasdaq composite ended basically flat. Treasury yields were steady after the U.S. government said consumers paid prices for food, gasoline and other things last month that were 2.9% higher than a year earlier. The data should keep the Federal Reserve on track to cut its main interest rate in September. On Wednesday: The S & P 500 rose 20.78 points, or 0.4%, to 5,455.21. The Dow Jones Industrial Average rose 242.75 points, or 0.6%, to 40,008.39. The Nasdaq composite rose 4.99 points, or less than 0.1%, to 17,192.60. The Russell 2000 index of smaller companies fell 10.87 points, or 0.5%, to 2,084.32. For the week: The S & P 500 is up 111.05 points, or 2.1%. The Dow is up 510.85 points, or 1.3%. The Nasdaq is up 447.30 points, or 2.7%. The Russell 2000 is up 3.40 points, or 0.2%. For the year: The S & P 500 is up 685.38 points, or 14.4%. The Dow is up 2,318.85 points, or 6.2%. The Nasdaq is up 2,181.25 points, or 14.5%. The Russell 2000 is up 57.25 points, or 2.8%.