How major US stock indexes fared Monday, 5/13/2024

How major US stock indexes fared Monday, 5/13/2024

How major US stock indexes fared Monday, 5/13/2024

U.S. stocks drifted to a mixed close near their record heights

ByThe Associated Press

May 13, 2024, 4:13 PM

    U.S. stocks drifted to a mixed close near their record heights.

    The S&P 500 ended little changed Monday and is less than 1% below its record set at the end of March. The Dow Jones Industrial Average slipped 0.2%, and the Nasdaq composite edged up 0.3%.

    Stocks have rallied this month on revived hopes that inflation may ease enough to convince the Federal Reserve to cut its main interest rate later this year. A key test will arrive Wednesday, when the government offers an update on inflation. GameStop and other meme stocks soared. Treasury yields eased in the bond market.

    On Monday:

    The S&P 500 fell 1.26 points, or less than 0.1%, to 5,221.42.

    The Dow Jones Industrial Average fell 81.33 points, or 0.2%, to 39,431.51.

    The Nasdaq composite rose 47.37 points, or 0.3%, to 16,388.24.

    The Russell 2000 index of smaller companies rose 2.35 points, or 0.1%, to 2,062.12.

    For the year:

    The S&P 500 is up 451.59 points, or 9.5%.

    The Dow is up 1,741.97 points, or 4.6%.

    The Nasdaq is up 1,367.89 points, or 9.2%.

    The Russell 2000 is up 35.05 points, or 1.7%.

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