More declines in big technology stocks pulled major indexes lower Thursday on Wall Street, driving the market further into the red on the first week of the year.
The S&P 500 wobbled between gains and losses for much of the day before closing slightly lower. The Nasdaq and the Dow Jones Industrial Average also fell, while small-company stocks bucked the trend and closed higher. Bond yields continued to rise a day after the Federal Reserve indicated it was ready to raise interest rates to fight off inflation.
On Thursday:
The S&P 500 fell 4.53 points, or 0.1%, to 4,696.05.
The Dow Jones Industrial Average fell 170.64 points, or 0.5%, to 36,236.47.
The Nasdaq fell 19.31 points, or 0.1%, to 15,080.86.
The Russell 2000 index of smaller companies rose 12.37 points, or 0.6%, to 2,206.37.
For the week:
The S&P 500 is down 70.13 points, or 1.5%.
The Dow is down 101.83 points, or 0.3%.
The Nasdaq is down 564.11 points, or 3.6%.
The Russell 2000 is down 38.94 points, or 1.7%.
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
