How major US stock indexes fared Wednesday, 10/16/2024
U.S. stocks rose following better-than-expected profit reports from Morgan Stanley, United Airlines and other big companies
By The Associated Press
Published - Oct 16, 2024, 04:18 PM ET
Last Updated - Dec 16, 2024, 06:16 PM EST
U.S. stocks rose following better-than-expected profit reports from Morgan Stanley, United Airlines and other big companies.
The S&P 500 climbed 0.5% Wednesday, a day after sliding from its all-time high because of tumbling energy and technology stocks. The Dow Jones Industrial Average added 0.8%, notching another record high, and the Nasdaq composite rose 0.3%.
Exxon Mobil and other energy producers stabilized a day after tumbling with the price of crude oil. Stocks in the chip industry also held up better a day after a market-shaking warning from Dutch supplier ASML. Treasury yields eased in the bond market.
On Wednesday:
