Business News

How Major US Stock Indexes Fared Feb. 5




Wall Street closed higher as gains for most stocks outweighed drops for Alphabet and some other big-name companies following their latest profit reports.
The S&P 500 rose 0.4 percent Wednesday. The Dow Jones Industrial Average added 0.7 percent, and the Nasdaq composite climbed 0.2 percent.
Mattel jumped after blowing past profit expectations for the latest quarter. It helped offset a drop for Alphabet after Google’s parent company reported slowing growth for its cloud business. Treasury yields fell in the bond market after a report said growth for U.S. services businesses fell short of expectations.
On Wednesday:
The S&P 500 rose 23.60 points, or 0.4 percent, to 6,061.48….



Source link

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.