U.S. stocks drifted to a mixed close after erasing most of their losses from earlier in the day.
The S&P 500 slipped a bit less than 0.1 percent Tuesday, marking its first back-to-back loss in a month and a half. The Dow Jones Industrial Average ended essentially flat. Like the S&P 500, it’s been on a long, record-breaking rally and set its latest all-time high on Friday. The Nasdaq composite rose 0.2 percent, lifted by gains in several Big Tech stocks including Microsoft.
GE Aerospace tumbled after reporting weaker-than-expected revenue. That helped offset General Motors’ best day since 2020 after it delivered stronger profit than expected.
On Tuesday:
The S&P 500 fell 2.78 points, or less than 0.1 percent, to 5,851.20.
The Dow Jones Industrial Average fell 6.71 points, or less than 0.1 percent, to 43,924.89.
The Nasdaq composite rose 33.12 points, or 0.2 percent, to 18,573.13.
The Russell 2000 index of smaller companies fell 8.18 points, or 0.4 percent, to 2,231.53.
For the week:
The S&P 500 is down 13.47 points, or 0.2 percent.
The Dow is down 351.02 points, or 0.8 percent.
The Nasdaq is up 83.58 points, or 0.5 percent.
The Russell 2000 is down 44.56 points, or 2 percent.
For the year:
The S&P 500 is up 1,081.37 points, or 22.7 percent.
The Dow is up 5,235.35 points, or 13.9 percent.
The Nasdaq is up 3,561.78 points, or 23.7 percent.
The Russell 2000 is up 204.45 points, or 10.1 percent.
The Epoch Times copyright © 2024. The views and opinions expressed are those of the authors. They are meant for general informational purposes only and should not be construed or interpreted as a recommendation or solicitation. The Epoch Times does not provide investment, tax, legal, financial planning, estate planning, or any other personal finance advice. The Epoch Times holds no liability for the accuracy or timeliness of the information provided.
