How major US stock indexes fared Wednesday, 8/28/2024
Losses for several big technology companies pulled the stock market lower.
The S&P 500 fell 0.6% Wednesday, weighed down by drops in Nvidia, Apple, Microsoft and Amazon. The Dow Jones Industrial Average fell 0.4%. The Dow is coming off two consecutive all-time highs. The Nasdaq composite fell 1.1%.
Nordstrom rose after the department store chain easily surpassed Wall Street’s profit expectations. Treasury yields held steady in the bond market.
On Wednesday:
The S&P 500 fell 33.62 points, or 0.6%, to 5,592.18.
The Dow Jones Industrial Average fell 159.08 points, or 0.4%, to 41,091.42.
The Nasdaq composite fell 198.79 points, or 1.1%, to 17,556.03.
The Russell 2000 index of smaller companies fell 14.36 points, or 0.7%, to 2,188.64.
For the week:
The S&P 500 is down 42.43 points, or 0.8%.
The Dow is down 83.66 points, or 0.2%.
The Nasdaq is down 321.77 points, or 1.8%.
The Russell 2000 is down 30.07 points, or 1.4%.
For the year:
The S&P 500 is up 822.35 points, or 17.2%.
The Dow is up 3,401.88 points, or 9%.
The Nasdaq is up 2,544.68 points, or 17%.
The Russell 2000 is up 161.56 points, or 8%.
The Associated Press
