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How major US stock indexes fared Thursday

ECONOMIC NEWS

How major US stock indexes fared Thursday

Stocks turned lower on Wall Street as bond yields made another upward spike, renewing pressure on high-flying technology companiesBy The Associated PressMarch 4, 2021, 9:27 PM• 2 min readStocks turned lower on Wall Street as bond yields made another upward spike, renewing pressure on high-flying technology companies.The S&P 500 fell 1.3% Thursday, its third straight loss. The Nasdaq pulled back 2.1%. The losses came as the yield on the 10-year Treasury rose sharply during a question-and-answer session with Federal Reserve Chair Jerome Powell during which Powell said that any pickup in inflation in coming months would likely be temporary, disappointing investors who were hoping for a firmer stance against inflation.On Thursday:The S&P 500 fell 51.25 points, or 1.3%, to 3,768.47.The Dow Jones Industrial Average fell 345.95 points, or 1.1%, to 30,924.14.The Nasdaq fell 274.28 points, or 2.1%, to 12,723.47.The Russell 2000 index of smaller companies fell 60.87 points, or 2.8% to 2,146.92.For the week:The S&P 500 is down 42.68 points, or 1.1%.The Dow is down 8.23 points, or less than 0.1%.The Nasdaq is down 468.87 points, or 3.6%.The Russell 2000 is down 54.13 points, or 2.5%.For the year:The S&P 500 is up 12.40 points, or 0.3%.The Dow is up 317.66 points, or 1%.The Nasdaq is down 164.81 points, or 1.3%.The Russell 2000 is up 172.07 points, or 8.7%.


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