Salem Radio Network News Sunday, February 5, 2023

Business

How major US stock indexes fared Tuesday 1/17/2023

Major U.S. indexes closed mixed on Wall Street at the beginning of a holiday-shortened, but earnings-heavy week.

The S&P 500 fell 0.2% Tuesday. The Nasdaq edged higher and the Dow Jones Industrial Average fell, mostly because of a big drop in Goldman Sachs after the investment bank’s results came in far below analysts’ estimates as dealmaking dried up.

More stocks rose than fell on the New York Stock Exchange. The market is coming off its best week in two months. Several other companies are reporting their latest results this week, including Netflix and Procter & Gamble.

On Tuesday:

The S&P 500 fell 8.12 points, or 0.2%, to 3,990.97.

The Dow Jones Industrial Average fell 391.76 points, or 1.1%, to 33,910.85.

The Nasdaq rose 15.96 points, or 0.1%, to 11,095.11.

The Russell 2000 index of smaller companies fell 2.75 points, or 0.1%, to 1,884.29.

For the year:

The S&P 500 is up 151.47 points, or 3.9%.

The Dow is up 763.60 points, or 2.3%.

The Nasdaq is up 628.63 points, or 6%.

The Russell 2000 is up 123.04 points, or 7%.

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Steve Breen
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