Wall Street ticked mostly higher as investors consider both the upsides and downsides of the U.S. economy remaining stronger than feared.
The S&P 500 rose 0.4% Thursday after wobbling between small gains and losses. The Dow added 0.8% and the Nasdaq ended just barely lower, less than 0.1%.
Yields jumped after data showed the U.S. economy grew faster at the year’s start than estimated. Fewer workers applied for unemployment benefits last week.
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The data are a positive for investors because they suggest a growing economy can support corporate profits. They could also mean higher interest rates, however.
On Thursday:
The S&P 500 rose 19.58 points, or 0.4%, to 4,396.44.
The Dow Jones Industrial Average rose 269.76 points, or 0.8%, to 34,122.42.
The Nasdaq composite fell 0.42 points, less than 0.1%, to 13,591.33.
The Russell 2000 index of smaller companies rose 22.88 points, or 1.2%, to 1,881.59.
For the week:
The S&P 500 is up 48.11 points, or 1.1%.
The Dow is up 394.99 points, or 1.2%.
The Nasdaq is up 98.92 points, or 0.7%.
The Russell 2000 is up 59.96 points, or 3.3%.
For the year:
The S&P 500 is up 556.94 points, or 14.5%.
The Dow is up 975.17 points, or 2.9%.
The Nasdaq is up 3,124.85 points, or 29.9%.
The Russell 2000 is up 120.35 points, or 6.8%.
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