style

How major US stock indexes fared Tuesday, 4/16/2024

Font size+Author:International Issue news portalSource:travel2024-04-30 20:32:35I want to comment(0)

Most U.S. stocks slipped as Treasury yields climbed again on rising expectations that interest rates

Most U.S. stocks slipped as Treasury yields climbed again on rising expectations that interest rates may stay high for a while.

The S&P 500 fell 0.2% Tuesday. The Dow Jones Industrial Average rose 0.2%, and the Nasdaq composite fell 0.1%.

UnitedHealth helped support the market after jumping on a stronger-than-expected profit report. But the majority of stocks weakened after two top officials at the Federal Reserve warned it may not cut interest rates for a while after inflation reports this year came in worse than expected. The two-year Treasury yield briefly climbed as high as 5% before paring its gain.

On Tuesday:

The S&P 500 fell 10.41 points, or 0.2%, to 5,051.41.

The Dow Jones Industrial Average rose 63.86 points, or 0.2%, to 37,798.97.

The Nasdaq composite fell 19.77 points, or 0.1%, to 15,865.25.

The Russell 2000 index of smaller companies fell 8.23 points, or 0.4%, to 1,967.48.

Related articles
  • De La Cruz homers and Lodolo strikes out 11 in a combined 4

    De La Cruz homers and Lodolo strikes out 11 in a combined 4

    2024-04-30 20:04

  • 'The Met Police are making no

    'The Met Police are making no

    2024-04-30 18:11

  • Thai plastics firm will pay $20 million to settle with U.S. over Iran sanctions violations

    Thai plastics firm will pay $20 million to settle with U.S. over Iran sanctions violations

    2024-04-30 18:10

  • Wondrous Xinjiang: Xinjiang's mobile bazaar blooms ahead

    Wondrous Xinjiang: Xinjiang's mobile bazaar blooms ahead

    2024-04-30 17:58

Netizen comments