Stocks drifted to a mixed close on Wall Street as drops in several Big Tech companies offset gains in other parts of the market.
The S&P 500 gave up an early gain and closed down 0.1 percent Wednesday. The Nasdaq composite fell 0.2 percent and the Dow eked out a gain of 13 points.
Facebook parent company Meta fell 2 percent and Google’s parent company Alphabet gave up 1.6 percent. General Motors jumped 9.4 percent after the automaker announced a big stock buyback, raised its dividend and said it wouldn’t have any trouble absorbing the costs of its new labor contract. Treasury yields fell.
On Wednesday:
The S&P 500 fell 4.31 points, or 0.1 percent, to 4,550.58.
The Dow Jones Industrial Average rose 13.44 points, or less than 0.1 percent, to 35,430.42.
The Nasdaq composite fell 23.27 points, or 0.2 percent, to 14,258.49.
The Russell 2000 index of smaller companies rose 11 points, or 0.6 percent to 1,803.81.
For the week:
The S&P 500 is down 8.76 points, or 0.2 percent.
The Dow is up 40.27 points, or 0.1 percent.
The Nasdaq is up 7.63 points, or 0.1 percent.
The Russell 2000 is down 3.69 points, or 0.2 percent.
For the year:
The S&P 500 is up 711.08 points, or 18.5 percent.
The Dow is up 2,283.17 points, or 6.9 percent.
The Nasdaq is up 3,792.01 points, or 36.2 percent.
The Russell 2000 is up 42.56 points, or 2.4 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.
