Today's Stock Indexes Display Their Drama

U.S. stock indexes finished their Wednesday performance in a state of mixed emotions, hitting a peak in the morning before stalling out and desperately trying to regain composure.
The S&P 500 managed to squeak out an increase of less than 0.1%, just enough to save face after a dismal four-day slump that left it gasping below its all-time high. Meanwhile, the Dow Jones Industrial Average took a bit of a hit, slipping 0.4%, while the Nasdaq composite enjoyed a modest uptick of 0.3% to lift some spirits in the tech overachiever department.
A tale of two tech titans unfolded as NVIDIA soared while Apple took a nosedive, causing a bit of a market seesaw throughout the day. And in more joyous news (if you’re a GM investor), General Motors decided to be generous, promising more cash to its shareholders. Meanwhile, Treasury yields fell again, possibly because investors are starting to feel a little jittery about the economy’s growth prospects.
Key Numbers from Wednesday:
- S&P 500: Up 0.81 points, closing at 5,956.06.
- Dow Jones: Down 188.04 points, sitting at 43,433.12.
- Nasdaq: Up 48.88 points, now at 19,075.26.
- Russell 2000: Gained 4.09 points, ending at 2,174.17.
A Weekly Snapshot:
It’s not looking so hot this week so far:
- S&P 500: Down 57.07 points (0.9%).
- Dow: Up 5.10 points (almost nothing).
- Nasdaq: Down 448.74 points (yikes, 2.3%).
- Russell 2000: Down 21.18 points (1%).
Year-to-Date:
Stock indexes are already showing their true colors:
- S&P 500: Up 74.43 points (1.3%).
- Dow: Up 888.90 points (2.1%).
- Nasdaq: Down 235.53 points (1.2%).
- Russell 2000: Down 55.98 points (2.5%).
So here we are, watching the markets move like they’re on a caffeinated rollercoaster while the rest of us are just trying to keep our sanity intact. Who needs entertainment when the stock market can provide all the drama we ever wanted?
AUTHOR: cgp
SOURCE: AP News