U.S. stock indexes edged back from their records, weighed down by a rare dip for Wall Street darling Nvidia, following a mixed set of reports on the economy.
The S&P 500 slipped 0.3% Thursday from its all-time high set before Wednesday’s holiday for financial markets. The Nasdaq composite also pulled back from its record, falling 0.8%. The Dow Jones Industrial Average beat the market with a gain of 0.8%.
Nvidia gave up an early gain and fell 3.5% to put at risk an eight-week winning streak. Treasury yields climbed in the bond market to add some pressure on stocks.
On Thursday:
The S&P 500 fell 13.86 points, or 0.3%, to 5,473.17.
The Dow Jones Industrial Average rose 299.90 points, or 0.8%, to 39,134.76.
The Nasdaq composite fell 140.64 points, or 0.8%, to 17,721.59.
The Russell 2000 index of smaller companies fell 7.84 points, or 0.4%, to 2,017.39.
For the week:
The S&P 500 is up 41.57 points, or 0.8%.
The Dow is up 545.60 points, or 1.4%.
The Nasdaq is up 32.70 points, or 0.2%.
The Russell 2000 is up 11.23 points, or 0.6%.
For the year:
The S&P 500 is up 703.34 points, or 14.7%.
The Dow is up 1,445.22 points, or 3.8%.
The Nasdaq is up 2,710.24 points, or 18.1%.
The Russell 2000 is down 9.68 points, or 0.5%.
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
