How major US stock indexes fared Tuesday, 5/14/2024
Stocks ended higher on Wall Street Tuesday, sending the Nasdaq composite to another record.
The S&P 500 rose 0.5%, and is sitting just shy of its own all-time high. The Dow Jones Industrial Average added 0.3%. The Nasdaq composite climbed 0.8%.
Several “meme” stocks raced higher including GameStop and AMC Entertainment in an echo of the social-media driven frenzy of three years ago.
Treasury yields edged lower in the bond market following a mixed report on wholesale inflation.
Markets will be even more focused on the government’s report due out early Wednesday on inflation in consumer prices.
On Tuesday:
The S&P 500 rose 25.26 points, or 0.5%, to 5,246.68.
The Dow Jones Industrial Average rose 126.60 points, or 0.3%, to 39,558.11.
The Nasdaq composite rose 122.94 points, or 0.8%, to 16,511.18.
The Russell 2000 index of smaller companies rose 23.57 points, or 1.1%, to 2,085.69.