How major US stock indexes fared Monday, 4/15/2024
U.S. stocks slumped after higher yields in the bond market cranked up the pressure on Wall Street.
The S&P 500 fell 1.2% Monday. The Dow Jones Industrial Average slipped 0.7%, and the Nasdaq composite dropped 1.8%. Stocks had been up earlier in the day, rising as oil prices eased. But Treasury yields also spurted higher following the latest report on the U.S. economy to blow past expectations.
Financial markets are in an awkward phase where such strength raises traders’ hopes for growing profits at companies but also hurts expectations for easier interest rates. High rates put downward pressure on stock prices.
On Monday:
The S&P 500 fell 61.59 points, or 1.2%, to 5,061.82.
The Dow Jones Industrial Average fell 248.13 points, or 0.7%, to 37,735.11.
The Nasdaq composite fell 290.08 points, or 1.8%, to 15,885.02.
The Russell 2000 index of smaller companies fell 27.47 points, or 1.4%, to 1,975.71.
For the year:
The S&P 500 is up 291.99 points, or 6.1%.
The Dow is up 45.57 points, or 0.1%.
The Nasdaq is up 873.67 points, or 5.8%.
The Russell 2000 is down 51.37 points, or 2.5%.
Related articles
Ohio judge to rule Monday on whether the state’s abortion ban stands
COLUMBUS, Ohio (AP) — A county judge could rule as early as Monday on Ohio’s law banning virtually a2024-05-21Domestic theme parks see surging visits during Spring Festival
Domestic theme park operator Overseas Chinese Town welcomed 6.4 million traveler visits during the S2024-05-21China urges universities to add majors that meet social needs
China's Ministry of Education has issued a circular urging universities across the country to pl2024-05-21Rep. Marjorie Taylor Greene vows to force a vote next week on ousting House Speaker Mike Johnson
WASHINGTON (AP) — Republican Rep. Marjorie Taylor Greene said Wednesday she would call a vote next w2024-05-21Jessica Biel CHOPS her long locks into a bob after book signing in Studio City
Jessica Biel unveiled a dramatic hair transformation - from chest-length locks to a short bob - on S2024-05-21House committee delays vote on bill to allow inmates to participate in parole hearings
MONTGOMERY, Ala. (AP) — A divided Alabama legislative committee delayed a vote on a proposal that wo2024-05-21
atest comment