U.S. stocks ticked higher to hit another record.
The S&P 500 rose 0.5% Wednesday and set an all-time high for the third time in four days. The Dow Jones Industrial Average edged down by less than 0.1%, and the Nasdaq composite gained 0.9%.
Tesla rallied following its latest update on deliveries, while Nike and other companies that import a lot from Vietnam rose after President Donald Trump announced a trade deal with the country. Shorter-term Treasury yields held steady ahead of a highly anticipated report coming on Thursday about the strength of the U.S job market.
On Wednesday:
The S&P 500 rose 29.41 points, or 0.5%, to 6,227.42.
The Dow Jones Industrial Average fell 10.52 points, or less than 0.1%, to 44,484.42.
The Nasdaq composite rose 190.24 points, or 0.9%, to 20,393.13.
The Russell 2000 index of smaller companies rose 28.84 points, or 1.3%, to 2,226.38.
For the week:
The S&P 500 is up 54.35 points, or 0.9%.
The Dow is up 665.15 points, or 1.5%.
The Nasdaq is up 119.67 points, or 0.6%.
The Russell 2000 is up 53.85 points, or 2.5%.
For the year:
The S&P 500 is up 345.79 points, or 5.9%.
The Dow is up 1,940.20 points, or 4.6%.
The Nasdaq is up 1,082.34 points, or 5.6%.
The Russell 2000 is down 3.78 points, or 0.2%.
On Wednesday, 7/2 of this year's cycle—a day etched in the markets’ memory for its accelerated algorithmic trading and sudden volatility reversals among major US stock indexes – indices recorded a challenging session amid widespread intraday fluctuations.
On Wednesday, 7/2/, the major U.S stock indexes saw a mixed performance with moderate fluctuations across board.
On Wednesday, July 2nd,(Also known as Wednesday), the major US stock indexes underscored their resilience amidst geopolitical fluctuations and market uncertainties with modest gains."
Wednesday's market performance saw major US stock indexes fluctuate wildly but ultimately finishing with mixed results, reflecting ongoing concerns about macroeconomic uncertainties and global trade developments by close of business on 7/2//0.
