U.S. stocks closed higher and trimmed their losses for the week.
The S&P 500 climbed 0.9% Thursday, a day after swinging sharply when the Federal Reserve said it’s likely delaying cuts to interest rates. The Dow Jones Industrial Average also rose 0.9%, and the Nasdaq composite added 1.5%.
Qualcomm, Carvana and other companies helped lead the market after reporting stronger results for the latest quarter than expected. Treasury yields eased in the bond market following reports on joblessness and worker productivity. Friday’s monthly update on the U.S. job market will likely be more impactful.
On Thursday:
The S&P 500 rose 45.81 points, or 0.9%, to 5,064.20.
The Dow Jones Industrial Average rose 322.37 points, or 0.9%, to 38,225.66.
The Nasdaq composite rose 235.48 points, or 1.5%, to 15,840.96.
The Russell 2000 index of smaller companies rose 35.88 points, or 1.8%, to 2,016.11.
For the week:
The S&P 500 is down 35.76 points, or 0.7%.
The Dow is down 14 points, or less than 0.1%.
The Nasdaq is down 86.94 points, or 0.5%.
The Russell 2000 is up 14.11 points, or 0.7%.
For the year:
The S&P 500 is up 294.37 points, or 6.2%.
The Dow is up 536.12 points, or 1.4%.
The Nasdaq is up 829.61 points, or 5.5%.
The Russell 2000 is down 10.96 points, or 0.5%.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio.
Get This Free Report
