How major US stock indexes fared Friday 5/19/2023
Wall Street drifted to a lower close but still marked its best week since March.
The S&P 500 fell 0.1% Friday. The Dow lost 109 points, or 0.3%, and Nasdaq composite slipped 0.2%.
Worries about talks in Washington to avert a debt default by the U.S. government helped cause stocks to slip. The S&P 500 broke out of a listless stretch where it failed to move by 1%, up or down, for six straight weeks. Traders took comments by Federal Reserve Chair Jerome Powell to mean the end to hikes to interest rates may arrive next month, as hoped.
The S&P 500 fell 6.07 points, or 0.1%, to 4,191.98.
The Dow Jones Industrial Average fell 109.28 points, or 0.3%, to 33,426.63.
The Nasdaq composite fell 30.94 points, or 0.2% to 12,657.90.
The Russell 2000 index of smaller companies fell 11.14 points, or 0.6%, to 1,773.72.
For the week:
The S&P 500 is up 67.90 points, or 1.6%.
The Dow is up 126.01 points, or 0.4%.
The Nasdaq is up 373.15 points, or 3%.
The Russell 2000 is up 32.87 points, or 1.9%.
For the year:
The S&P 500 is up 352.48 points, or 9.2%.
The Dow is up 279.38 points, or 0.8%.
The Nasdaq is up 2,191.41 points, or 20.9%.
The Russell 2000 is up 12.47 points, or 0.7%.