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How major US stock indexes fared Tuesday, 12/5/2023

How major US stock indexes fared Tuesday, 12/5/2023

Most stocks slipped on Wall Street, but the market hung near its highest level in 20 months following a mixed set of reports on the economy

Most stocks slipped on Wall Street, but the market hung near its highest level in 20 months following a mixed set of reports on the economy.

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The S&P 500 fell 0.1% Tuesday, the Dow fell 0.2%, and the Nasdaq composite rose 0.3%.

KeyCorp led a slump for bank stocks after cutting its forecast for earnings from fees and other non-interest income. Gains for Apple and Microsoft helped to limit the market’s losses. Treasury yields fell following data that kept alive questions about whether the U.S. economy can pull off a perfect landing where it kills high inflation but avoids a recession.

On Tuesday: