US Markets End Mixed With Dow Gaining as S&P 500, Nasdaq Close Lower
CryptoNewsTerminal Staff20 Sep, 2024
US Markets End Mixed With Dow Gaining as S&P 500, Nasdaq Close Lower
The three major US stock indices ended Wednesday's trading session with mixed results. The Dow Jones Industrial Average managed to eke out a modest gain, while the S&P 500 and Nasdaq Composite fell. The S&P 500, a broad measure of the US stock market, lost 0.19%, closing at 4,018.22. The Nasdaq Composite, which is heavily weighted towards technology stocks, declined 0.36% to end the day at 11,789.58. Meanwhile, the Dow Jones Industrial Average, which tracks the performance of 30 large US companies, gained 0.09%, finishing at 34,128.05. The mixed market performance reflects ongoing concerns about the Federal Reserve's plans to raise interest rates to combat inflation. Investors are weighing the potential impact of higher rates on corporate earnings and economic growth. Despite the day's decline, the S&P 500 and Nasdaq Composite remain near their record highs, highlighting the resilience of the US stock market in the face of economic uncertainty. ```
