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Daily Stock Market Updates and Analysis: Dow Jones, S&P 500, Nasdaq, and More

by Alexandra Hartman Editor-in-Chief

2023-10-17 18:58:54

The Dow Jones index gained 0.04%, or 13.11 points, to 33,997.65 points.

The S&P 500 lost 0.43 points or 0.01% to 4,373.2.

The Nasdaq Composite dropped 34.24 points (-0.25%) to 13,533.75 points.

The Philadelphia SE semiconductor index fell 0.8% as did Nvidia stock, although the semiconductor maker said it did not expect the government’s measures to have a significant impact on its financial results. .

Yields on US Treasury bonds rose on the back of statistics showing the robustness of the US economy and weighed on rate-sensitive technology stocks.

Retail sales grew more than expected in September and industrial production rose last month, contrary to expectations.

Several well-received corporate results, including those from Bank of America, limited the decline in the indices.

(French version Jean-Stéphane Brosse)

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