Oddbean

How major US stock indexes fared Tuesday, 6/4/2024 ========== U.S. stocks held relatively steady on Tuesday, June 4, 2024, after a report suggested the job market is cooling. The S&P 500 rose 0.2%, the Dow Jones Industrial Average rose 0.4%, and the Nasdaq composite added 0.2%. Treasury yields slid after the report showed U.S. employers advertised fewer job openings at the end of April than economists expected. Wall Street wants the job market and overall economy to slow to convince the Federal Reserve to cut interest rates, but there is concern that a slowdown could lead to a painful recession. The Russell 2000 index of smaller companies fell 1.2%. For the week, the S&P 500 is up 0.3%, the Dow is up 0.1%, the Nasdaq is up 0.7%, and the Russell 2000 is down 1.7%. For the year, the S&P 500 is up 10.9%, the Dow is up 2.7%, the Nasdaq is up 12.3%, and the Russell 2000 is up 0.3%. #UsStocks #S&p500 #DowJonesIndustrialAverage #NasdaqComposite #JobMarket #FederalReserve #Recession #Russell2000 https://abcnews.go.com/Business/wireStory/major-us-stock-indexes-fared-tuesday-642024-110828860