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