How major US stock indexes fared Thursday, 1/18/2024
Wall Street bounced back to recoup almost all the losses it suffered earlier in the week
Wall Street bounced back to recoup almost all the losses it suffered earlier in the week.
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The S&P 500 rose 0.9% following back-to-back drops that kicked off this holiday-shortened week. The Dow gained 0.5%, and the Nasdaq composite jumped 1.3%.
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Big Tech stocks led the way, including Apple, which flipped its loss for the week so far into a gain. Chip companies were also strong after chip maker Taiwan Semiconductor gave a better-than-expected revenue forecast. Treasury yields were mixed and holding steadier after jumping earlier in the week. That eased the pressure on stocks.
On Thursday:
The S&P 500 rose 41.73 points, or 0.9%, to 4,780.94.
The Dow Jones Industrial Average rose 201.94 points, or 0.5%, to 37,468.61.
The Nasdaq composite rose 200.03 points, or 1.3%, to 15,055.65.
The Russell 2000 index of smaller companies rose 10.49 points, or 0.5%, to 1,923.65.
For the week:
The S&P 500 is down 2.89 points, or 0.1%.
The Dow is down 124.37 points, or 0.3%.
The Nasdaq is up 82.89 points, or 0.6%.
The Russell 2000 is down 27.31 points, or 1.4%.
For the year:
The S&P 500 is up 11.11 points, or 0.2%.
The Dow is down 220.93 points, or 0.6%.
The Nasdaq is up 44.30 points, or 0.3%.
The Russell 2000 is down 103.42 points, or 5.1%.