Stocks ended blended a day after being up to their worst loss given that December, as Wall Street gets ready for rate of interest to remain greater for longer
Stocks ended blended a day after being up to their worst loss given that December, as Wall Street gets ready for rate of interest to remain greater for longer.
The S&P 500 dipped 0.2% Wednesday after wandering in between little gains and losses. The Dow fell and the Nasdaq increased.
Treasury yields drew back a bit after their rise the previous day. Yields have actually shot higher this month on expectations the Federal Reserve will be more aggressive on rates of interest than markets had actually anticipated to drive down inflation. Minutes from the Fed’s last conference revealed policy makers still believe inflation is too expensive in spite of a current cooldown.
On Wednesday:
The S&P 500 fell 6.29 points, or 0.2%, to 3,99105
The Dow Jones Industrial Average fell 84.50 points, or 0.3%, to 33,04509
The Nasdaq composite increased 14.77 points, or 0.1%, to 11,50707
The Russell 2000 index of smaller sized business increased 6.46 points, or 0.3%, to 1,89467
For the week:
The S&P 500 is down 88.04 points, or 2.2%.
The Dow is down 781.60 points, or 2.3%.
The Nasdaq is down 280.20 points, or 2.4%.
The Russell 2000 is down 51.68 points, or 2.7%.
For the year:
The S&P 500 is up 151.55 points, or 3.9%.
The Dow is down 102.16 points, or 0.3%.
The Nasdaq is up 1,04059 points, or 9.9%.
The Russell 2000 is up 133.43 points, or 7.6%.