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
By The Associated Press
Published - Dec 05, 2023, 04:37 PM ET
Last Updated - Dec 21, 2023, 11:59 AM EST
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.
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:
