How major US stock indexes fared Monday 5/8/2023

Wall Street is mixed ahead of a week of reports on some of the biggest companies.

Wall Street closed mixed ahead of a busy week of reports about the biggest concerns of the market, such as the stubbornly high level of inflation in the entire economy.

S&P 500 eked out a 0.1% gain after its worst week for nearly two months. The Dow Jones Industrial Average dropped 55 points or 0.2% and the Nasdaq Composite rose 0.2%.

Last week, despite a positive reading for U.S. employment, which eased fears of a recession, but also raised inflation concerns, was dominated with worries about small and mid-sized bank. They stabilised Monday.

On Monday,

The S&P500 rose by 1.87 points or less than 0.1% to 4,138.12.

The Dow Jones Industrial Average dropped 55.69 points or 0.2% to 33,618.69.

The Nasdaq Composite rose by 21.50 points or 0.2%, to 12,256.92.

The Russell 2000 index for smaller companies dropped 5.41 points or 0.3% to 1,754.47.

The year:

The S&P500 is up by 298.62, or 7.8%.

The Dow has gained 471.44 points or 1.4%.

The Nasdaq has gained 1,790.44 or 17.1%.

Russell 2000 down 6.78 points or 0.4%