How Major US Stock Indexes Fared Aug. 1

How Major US Stock Indexes Fared Aug. 1
TY Lim/Shutterstock
The Associated Press
Updated:
0:00

Most stocks are closing lower following a mixed set of earnings reports from U.S. companies, as Wall Street took a step back from its big rally this year.

The S&P 500 fell 0.3 percent Tuesday, coming off its fifth straight winning month. The Dow was up 0.2 percent, and the Nasdaq was 0.4 percent lower.

Norwegian Cruise Line tumbled despite reporting stronger profit for the spring than expected. Expectations have been high for it and rivals after its stock soared this year. Worries have been rising that expectations have built too high for the market overall after the S&P 500 500 surged more than 19 percent this year.

On Tuesday:

The S&P 500 fell 12.23 points, or 0.3 percent, to 4,576.73.

The Dow Jones Industrial Average rose 71.15 points, or 0.2 percent, to 35,630.68.

The Nasdaq composite fell 62.11 points, or 0.4 percent, to 14,283.91.

The Russell 2000 index of smaller companies fell 9.01 points, or 0.4 percent, to 1,994.17.

For the week:

The S&P 500 is down 5.50 points, or 0.1 percent.

The Dow is up 171.39 points, or 0.5 percent.

The Nasdaq is down 32.75 points, or 0.2 percent.

The Russell 2000 is up 12.63 points, or 0.6 percent.

For the year:

The S&P 500 is up 737.23 points, or 19.2 percent.

The Dow is up 2,483.43 points, or 7.5 percent.

The Nasdaq is up 3,817.43 points, or 36.5 percent.

The Russell 2000 is up 232.92 points, or 13.2 percent.

The Epoch Times Copyright © 2023 The views and opinions expressed are those of the authors. They are meant for general informational purposes only and should not be construed or interpreted as a recommendation or solicitation. The Epoch Times does not provide investment, tax, legal, financial planning, estate planning, or any other personal finance advice. The Epoch Times holds no liability for the accuracy or timeliness of the information provided.