How major US stock indexes fared Monday 5/8/2023
Wall Street drifted to a mixed close ahead of a week full of reports on some of the market’s biggest worries, including how stubbornly high inflation remains across the economy.
The S&P 500 edged up less than 0.1%, coming off its worst week in nearly two months. The Dow Jones Industrial Average fell 55 points, or 0.2%, and the Nasdaq composite rose 0.2%.
Besides a strong reading on U.S. jobs, which calmed worries about a recession but also raised concerns about inflation, last week was dominated by fears about smaller and mid-sized banks. They stabilized Monday.
The S&P 500 rose 1.87 points, or less than 0.1%, to 4,138.12.
The Dow Jones Industrial Average fell 55.69 points, or 0.2%, to 33,618.69.
The Nasdaq composite rose 21.50 points, or 0.2% to 12,256.92.
The Russell 2000 index of smaller companies fell 5.41 points, or 0.3%, to 1,754.47.
For the year:
The S&P 500 is up 298.62 points, or 7.8%.
The Dow is up 471.44 points, or 1.4%.
The Nasdaq is up 1,790.44 points, or 17.1%.
The Russell 2000 is down 6.78 points, or 0.4%.