How major US stock indexes fared Wednesday, 11/13/2024

The Associated Press The Associated Press

U.S. stocks drifted to a mixed finish after the latest inflation update boosted hopes that more help for the economy will arrive next month from another cut to interest rates.

The S&P 500 ended little changed Wednesday. The Dow Jones Industrial Average edged up 0.1%, and the Nasdaq composite slipped 0.3%.

Treasury yields were also mixed after a report said the inflation that U.S. consumers felt last month was exactly as economists expected.

That strengthened expectations that the Federal Reserve will cut interest rates for a third time this year in about a month and sent short-term Treasury yields lower.

On Wednesday:

The S&P 500 rose 1.39 points, or less than 0.1%, to 5,985.38.

The Dow Jones Industrial Average rose 47.21 points, or 0.1%, to 43,958.19.

The Nasdaq composite fell 50.66 points, or 0.3%, to 19,230.74.

The Russell 2000 index of smaller companies fell 22.47 points, or 0.9%, to 2,369.37.

For the week:

The S&P 500 is down 10.16 points, or 0.2%.

The Dow is down 30.80 points, or 0.1%.

The Nasdaq is down 56.04 points, or 0.3%.

The Russell 2000 is down 30.27 points, or 1.3%.

For the year:

The S&P 500 is up 1,215.55 points, or 25.5%.

The Dow is up 6,268.65 points, or 16.6%.

The Nasdaq is up 4,219.39 points, or 28.1%.

The Russell 2000 is up 342.30 points, or 16.9%.