How major US stock indexes fared Thursday, 11/7/2024

Most U.S. stocks roseate arsenic nan Federal Reserve trim liking rates again to make things easier for nan economy

Most U.S. stocks roseate arsenic nan Federal Reserve trim liking rates again to make things easier for nan economy.

The S&P 500 climbed 0.7% Thursday. The Dow Jones Industrial Average was hardly changed, and nan Nasdaq composite gained 1.5%.

The complaint trim was wide expected. Federal Reserve Chair Jerome Powell said it’s excessively early to cognize really Donald Trump’s statesmanlike triumph will displacement nan Fed’s complaint policies. Treasury yields remained little pursuing nan Fed’s announcement. Bank stocks and smaller companies besides lagged nan marketplace arsenic different Trump trades mislaid momentum.

On Thursday:

The S&P 500 roseate 44.06 points, aliases 0.7%, to 5,973.10.

The Dow Jones Industrial Average fell 0.59 points, aliases little than 0.1%, to 43,729.34.

The Nasdaq composite roseate 285.99 points, aliases 1.5%, to 19,269.46.

The Russell 2000 scale of smaller companies fell 10.23 points, aliases 0.4%, to 2,382.69.

For nan week:

The S&P 500 is up 244.30 points, aliases 4.3%.

The Dow is up 1,677.15 points, aliases 4%.

The Nasdaq is up 1,029.54 points, aliases 5.6%.

The Russell 2000 is up 172.56 points, aliases 7.8%.

For nan year:

The S&P 500 is up 1,203.27 points, aliases 25.2%.

The Dow is up 6,039.80 points, aliases 16%.

The Nasdaq is up 4,258.11 points, aliases 28.4%.

The Russell 2000 is up 355.62 points, aliases 17.5%.