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How major US stock indexes fared Thursday, 9/12/2024

How major US stock indexes fared Thursday, 9/12/2024

U.S. stocks rose closer to their all-time highs following a couple reports on the economy that came in close to expectations

By The Associated Press
Published - Sep 12, 2024, 04:25 PM ET
Last Updated - Dec 16, 2024, 07:17 PM EST

U.S. stocks rose closer to their all-time highs following a couple reports on the economy that came in close to expectations.

The S&P 500 climbed 0.7% Thursday and pulled back within 1.3% of its record set in July. The Dow Jones Industrial Average gained 0.6%, and the Nasdaq composite jumped 1%.

More gains for Nvidia and other Big Tech stocks drove the market higher, offsetting a slump for Moderna after the vaccine maker cut its plans for research-and-development investment. Treasury yields were relatively steady in the bond market following reports on layoffs and inflation that included few surprises.

On Thursday:

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