Wall Street steadied itself after Alphabet and other technology stocks rose.
The S&P 500 added 0.5% Wednesday and broke the two-day losing skid it’s been on since setting its latest all-time high. The Dow Jones Industrial Average slipped 0.1%, and the Nasdaq composite climbed 1%.
Google’s parent company was one of the strongest forces lifting the market after avoiding some of the worst-case scenarios in an antitrust case. Also helping to steady Wall Street was the bond market, where yields eased following a weaker-than-expected update on the U.S. job market. A day earlier, climbing yields worldwide raised the pressure on the stock market.
On Wednesday:
The S&P 500 rose 32.72 points, or 0.5%, to 6,448.26.
The Dow Jones Industrial Average fell 24.58 points, or 0.1%, to 45,271.23.
The Nasdaq composite rose 218.10 points, or 1%, to 21,497.73.
The Russell 2000 index of smaller companies fell 2.24 points, or 0.1%, to 2,349.97.
For the week:
The S&P 500 is down 12 points, or 0.2%
The Dow is down 273.65 points, or 0.6%.
The Nasdaq is up 42.17 points, or 0.2%.
The Russell 2000 is down 16.45 points, or 0.7%.
For the year:
The S&P 500 is up 566.63 points, or 9.6%.
The Dow is up 2,727.01 points, or 6.4%.
The Nasdaq is up 2,186.93 points, or 11.3%.
The Russell 2000 is up 119.81 points, or 5.4%.
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
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.