|
U.S. stocks drifted after the Federal Reserve indicated it may
cut interest rates twice this year, though it’s far from certain
about that.
The S&P 500 ended basically flat Wednesday. The Dow Jones
Industrial Average slipped 0.1%, and the Nasdaq composite rose
0.1%.
Treasury yields also wavered but ultimately held relatively
steady after Fed Chair Jerome Powell said the central bank is
still waiting to see what the effects of tariffs will be on the
economy before deciding its next moves on interest rates. The
price of oil swung in its latest yo-yo moves amid fighting
between Israel and Iran.
On Wednesday:
The S&P 500 fell 1.85 points, or less than 0.1%, to 5,980.87.
The Dow Jones Industrial Average fell 44.14 points, or 0.1%, to
42,171.66.
The Nasdaq composite rose 25.18 points, or 0.1%, to 19,546.27.
The Russell 2000 index of smaller companies rose 11 points, or
0.5%, to 2,112.96.
For the week:
The S&P 500 is up 3.90 points, or 0.1%.
The Dow is down 26.13 points, or 0.1%.
The Nasdaq is up 139.45 points, or 0.7%.
The Russell 2000 is up 12.46 points, or 0.6%.
For the year:
The S&P 500 is up 99.24 points, or 1.7%.
The Dow is down 372.56 points, or 0.9%.
The Nasdaq is up 235.48 points, or 1.2%.
The Russell 2000 is down 117.19 points, or 5.3%.
All contents © copyright 2025 Associated Press. All rights reserved
|
|
