US Stock Market: Mixed Finish for Major Indices
CryptoNewsTerminal Staff20 May, 2024
US Stock Market: Mixed Finish for Major Indices
The United States stock market's major indices had a mixed performance on Wednesday, with the S&P 500 gaining 0.09%, the Nasdaq Composite rising 0.65%, and the Dow Jones Industrial Average falling 0.49%. The Nasdaq Composite's gain was driven by strong performances from the technology and consumer discretionary sectors. The S&P 500's modest increase was supported by gains in the financial and industrial sectors. However, the Dow Jones Industrial Average fell due to declines in the energy and healthcare sectors. Overall, the mixed performance of the major indices reflects the ongoing volatility in the market. Investors remain cautious as they assess the impact of the Federal Reserve's interest rate hikes and other economic factors.
