How major US stock indexes fared Tuesday, 4/16/2024
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
Queen Camilla reveals she's seen the first season of Bridgerton
Queen Camilla has revealed she has seen the first season of Netflix hit Bridgerton. The royal, 76, t2024-05-22Bernie Williams is back in center
NEW YORK (AP) — Bernie Williams was in the center, just like the old days at Yankee Stadium. Only th2024-05-22Ukrainian duo heads to the Eurovision Song Contest with a message: We're still here
KYIV, Ukraine (AP) — Even amid war, Ukraine finds time for the glittery, pop-filled Eurovision Song2024-05-22Native American tribes want US appeals court to weigh in on $10B SunZia energy transmission project
Native American tribes and environmentalists want a U.S. appeals court to weigh in on their request2024-05-22- Mark Wahlberg's latest film will be flying into theaters this fall, with Lionsgate setting an Octobe2024-05-22
- UDINE, Italy (AP) — Bryan Cristante scored in stoppage time and Roma made its second trip this month2024-05-22
atest comment