NEW YORK—Wall Street climbed Monday ahead of a big week for central banks around the world, vaulting the S&P 500 to its highest level in more than a year. The benchmark index rose 40.07 points, or 0.9 percent, to 4,338.93 and its highest close since April 2022. The Dow Jones Industrial Average gained 189.55, or…
Stock Market Today: Wall Street Rises, and S&P 500 Hits Highest Level in More Than a Year
How Major US Stock Indexes Fared June 12
Wall Street closed higher ahead of a big week for central banks, carrying the S&P 500 to its highest level in more than a year. The benchmark index rose 0.9 percent Monday. The Dow added 189 points, while the Nasdaq rose 1.5 percent. Stocks have been cruising on hopes the economy may avoid a recession…
Stocks Discount Too Much Easing and Optimism
Commentary The S&P 500 Index has risen to a new high, and close to its record level. Complacency seems to be taking hold of market participants because the latest leg up has been driven entirely by multiple expansion. According to Bloomberg, the price-to-earnings (P/E) ratio of the S&P 500 has erupted back to 19.2 times,…
How Major US Stock Indexes Fared June 9
Stocks drifted higher on Wall Street, giving the S&P 500 its fourth winning week in a row. The benchmark index edged up 0.1 percent Friday. The Dow Jones Industrial Average eked out a gain and the Nasdaq composite rose. Tesla was at the front of the market, rallying 4.1 percent after announcing that General Motors…
How Major US Stock Indexes Fared June 8
Stocks rose just enough for Wall Street to barrel into a new bull market Thursday as the S&P 500 keeps rallying off its low from last autumn. The index rose 0.6 percent to carry it 20 percent above a bottom hit in October. That means Wall Street’s main measure of health has climbed out of…
How Major US Stock Indexes Fared June 7
U.S. stocks drifted to a mixed close as drops for Microsoft and other big-name tech stocks overshadowed gains for much of the rest of Wall Street. The S&P 500 fell 0.4 percent Wednesday even though the majority of stocks within the index rose. The Dow Jones Industrial Average added 91 points, or 0.3 percent, while…
How Major US Stock Indexes Fared June 6
Stocks drifted on Wall Street amid a vacuum of market-moving data. The S&P 500 rose 0.2 percent Tuesday. The Dow Jones Industrial Average closed up 10 points while the Nasdaq added 0.4 percent. Banks were some of the bigger gainers, recovering from their struggles earlier this year after high interest rates helped cause several high-profile…
How Major US Stock Indexes Fared June 5
U.S. stocks drifted lower to start what could be a quiet stretch following several weeks of gains. The S&P 500 fell 0.2 percent Monday. The Dow Jones Industrial Average lost 199 points, while the Nasdaq composite fell 0.1 percent. Treasury yields fell after a report said U.S. services industries grew by less than economists expected…
How Major US Stock Indexes Fared June 2
Stocks rushed higher after a strong report on the U.S. job market eased Wall Street’s worries about a possible recession. The S&P 500 jumped 1.5 percent Friday, while the Dow soared 701 points. The rally brought the S&P 500 nearly 20 percent above a low hit in October. It’s on the edge of entering a…
How Major US Stock Indexes Fared June 1
Wall Street closed higher on hopes that the Federal Reserve may soon take it easier on its hikes to interest rates, with the S&P 500 gaining 1 percent Thursday. Several reports painted a picture of a split U.S. economy. The job market remains remarkably solid, but manufacturing is weakening and shoppers of all kinds are…
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