Wall Street Ends Holiday-Shortened Week with Modest Gains
Wall Street closed slightly higher as trading remained light during this holiday-shortened week. The S&P 500 inched up 0.1 percent on Wednesday, while the Dow and Nasdaq rose 0.3 percent and 0.2 percent, respectively. Despite the lack of significant movement, the markets have managed to hold on to modest gains for the week, with the S&P 500 coming off its eighth consecutive winning week.
Annual Gains Expected
With only two trading days left in the year, major indexes are on track to post substantial annual gains. The S&P 500 has seen an increase of over 24 percent for the year, while the Nasdaq, which is heavily weighted with technology companies, has surged by 44 percent.
Closing Numbers
On Wednesday:
- The S&P 500 rose 6.83 points, or 0.1 percent, to 4,781.58.
- The Dow Jones Industrial Average rose 111.19 points, or 0.3 percent, to 37,656.52.
- The Nasdaq composite rose 24.60 points, or 0.2 percent, to 15,099.18.
- The Russell 2000 index of smaller companies rose 7.02 points, or 0.3 percent, to 2,066.21.
Weekly and Yearly Performance
For the week:
- The S&P 500 is up 26.95 points, or 0.6 percent.
- The Dow is up 270.55 points, or 0.7 percent.
- The Nasdaq is up 106.20 points, or 0.7 percent.
- The Russell 2000 is up 32.25 points, or 1.6 percent.
For the year:
- The S&P 500 is up 942.08 points, or 24.5 percent.
- The Dow is up 4,509.27 points, or 13.6 percent.
- The Nasdaq is up 4,632.69 points, or 44.3 percent.
- The Russell 2000 is up 304.97 points, or 17.3 percent.
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