The S&P 500 rose 0.3% on Thursday, closing at 7,744.06 after erasing early morning losses. The index pulled closer to the all-time high set last week as markets stabilized following a shaky start to the trading day.
Concerns regarding the strength of the artificial intelligence boom initially sent stock indexes tumbling across Asia. However, AI stocks pared their losses as the day progressed, while strong profit reports from U.S. companies helped lift other sectors. The Dow Jones Industrial Average jumped 1.1%, and the Nasdaq composite added 0.1%.
| Index | Thursday Change | Week Change | Year Change | | :--- | :--- | :--- | :--- | | S&P 500 | +25.12 points (+0.3%) | -67.48 points (-0.9%) | +898.56 points (+13.1%) | | Dow Jones Industrial Average | +556.21 points (+1.1%) | +522.74 points (+1%) | +4,114.40 points (+8.6%) | | Nasdaq Composite | +20.16 points (+0.1%) | -653.14 points (-2.4%) | +3,471.04 points (+14.9%) | | Russell 2000 | +37.74 points (+1.4%) | -39.71 points (-1.4%) | +285.36 points (+11.5%) |
The Russell 2000 index of smaller companies rose 37.74 points, or 1.4%, to close at 2,767.27. For the week, the S&P 500 is down 67.48 points, or 0.9%, while the Dow is up 522.74 points, or 1%. The Nasdaq is down 653.14 points, or 2.4%, for the week, and the Russell 2000 is down 39.71 points, or 1.4%.
Year-to-date performance shows mixed results across major benchmarks. The S&P 500 is up 898.56 points, or 13.1%, and the Dow is up 4,114.40 points, or 8.6%. The Nasdaq leads year-to-date gains at up 3,471.04 points, or 14.9%, while the Russell 2000 is up 285.36 points, or 11.5%.