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
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:
The S&P 500 rose 41.63 points, or 0.7%, to 5,595.76.
The Dow Jones Industrial Average rose 235.06 points, or 0.6%, to 41,096.77.
The Nasdaq composite rose 174.15 points, or 1%, to 17,569.68.
The Russell 2000 index of smaller companies rose 25.58 points, or 1.2%, to 2,129.43.