How major US stock indexes fared Wednesday, 1/10/2024
ABC News
Wall Street neared a record high ahead of a highly anticipated report on inflation, which could show whether all the excitement that’s vaulted stocks higher recently is warranted
Wall Street neared a record high ahead of a highly anticipated report on inflation, which could show whether all the excitement that’s vaulted stocks higher recently is warranted.
The S&P 500 rose 0.6% Wednesday and is just 0.3% below its all-time high. The Dow added 0.5%, and the Nasdaq composite climbed 0.8%.
Treasury yields held relatively steady ahead of Thursday’s update from the U.S. government on inflation at the consumer level. Hopes for a continued cooldown there have sent yields sinking and stocks soaring in recent months. Crude oil prices fell after giving up earlier gains.
On Wednesday:
The S&P 500 rose 26.95 points, or 0.6%, to 4,783.45.
