How major US stock indexes fared Wednesday, 5/8/2024
Stock drifted to a mixed close as Wall Street remains in a lull.
The S&P 500 closed little changed Wednesday, after a big three-day winning streak gave way to a tiny gain the prior day. The Dow Jones Industrial Average rose 0.4%, and the Nasdaq composite fell 0.2%.
Uber Technologies slumped after reporting worse results for the latest quarter than analysts expected. Shopify tumbled after giving a forecast for slowing revenue growth. Lyft and Arista Networks revved higher after topping expectations for profit and revenue. Treasury yields rose in the bond market.
On Wednesday:
The S&P 500 fell 0.03 points, or less than 0.1%, to 5,187.67.
The Dow Jones Industrial Average rose 172.13 points, or 0.4%, to 39,056.39.
The Nasdaq composite fell 29.80 points, or 0.2%, to 16,302.76
The Russell 2000 index of smaller companies fell 9.51 points, or 0.5%, to 2,055.13.