How major US stock indexes fared Wednesday 5/10/2023

Wall Street ended slightly higher following a report that showed the inflation rate is easing even though it is still too high.

S&P 500 gained 0.4% on Wednesday, after fluctuating between gains and losses all day. The Dow finished just a little lower while the Nasdaq gained ground.

After the report revealed that consumer inflation had slowed down last month, bond prices rose. Investors increased their bets on the Federal Reserve stopping interest rate hikes in June to give the economy breathing space. The biggest gains were in tech stocks and other sectors that will benefit from the rate easing.

On Wednesday:

The S&P500 rose by 18.47 points or 0.4% to 4,137.64.

The Dow Jones Industrial Average dropped 30.48 points or 0.1% to 33,531.33.

The Nasdaq Composite rose 126.89 or 1%, to 12,306.44.

The Russell 2000 index for smaller companies increased 9.83 points or 0.6% to 1,759.51.

This week's theme:

The S&P500 is up by 1.39 points or less than 0.1%.

The Dow Jones is down by 143.05 or 0.4%.

The Nasdaq has gained 71.03 or 0.6%.

Russell 2000 down by 0.37 points or less than 0.1 %

The year:

The S&P500 is up by 298.14 points or 7.8%.

The Dow has gained 384.08 points or 1.2%.

The Nasdaq has gained 1,839.96 or 17.6%.

The Russell 2000 index is down by 1.73 or 0.1%.