Stocks drifted to a mixed close on Wall Street as drops in several Big Tech companies offset gains in other parts of the market.
The S&P 500 gave up an early gain and closed down 0.1% Wednesday. The Nasdaq composite fell 0.2% and the Dow eked out a gain of 13 points.
Facebook parent company Meta fell 2% and Google’s parent company Alphabet gave up 1.6%. General Motors jumped 9.4% after the automaker announced a big stock buyback, raised its dividend and said it wouldn’t have any trouble absorbing the costs of its new labor contract. Treasury yields fell.
On Wednesday:
The S&P 500 fell 4.31 points, or 0.1%, to 4,550.58
The Dow Jones Industrial Average rose 13.44 points, or less than 0.1%, to 35,430.42.
The Nasdaq composite fell 23.27 points, or 0.2%, to 14,258.49.
The Russell 2000 index of smaller companies rose 11 points, or 0.6% to 1,803.81.
For the week:
The S&P 500 is down 8.76 points, or 0.2%.
The Dow is up 40.27 points, or 0.1%.
The Nasdaq is up 7.63 points, or 0.1%.
The Russell 2000 is down 3.69 points, or 0.2%.
For the year:
The S&P 500 is up 711.08 points, or 18.5%.
The Dow is up 2,283.17 points, or 6.9%.
The Nasdaq is up 3,792.01 points, or 36.2%.
The Russell 2000 is up 42.56 points, or 2.4%.
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 guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
