How major US stock indexes fared Wednesday, 5/22/2024
7 months ago

How major US stock indexes fared Wednesday, 5/22/2024

Associated Press  

U.S. stock indexes pulled back from their records as concerns about high interest rates weighed on the market. The S&P 500 fell 0.3% and the Nasdaq composite slipped 0.2% Wednesday, a day after both set all-time highs. Indexes had been close to flat early in the day, but they sank after minutes from the Federal Reserve’s latest meeting showed officials suggesting it would likely take longer than previously thought to get inflation fully under control. The Dow Jones Industrial Average fell 201.95 points, or 0.5%, to 39,671.04. The Russell 2000 index of smaller companies fell 16.65 points, or 0.8%, to 2,081.71.

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