How Major Us Stock Indexes Fared Wednesday, 2/28/2024

Stocks drifted lower on Wall Street on a down day for tech stocks.

The S&P 500 fell 0.2%. The Dow Jones Industrial Average slipped 0.1% Wednesday, and the Nasdaq composite sank 0.5% a day after nearing its record set in 2021.

The market regressed as Nvidia and other Big Tech stocks pulled back a bit from their dominating run. Treasury yields also eased in the bond market after a report said the U.S. economy likely grew a touch slower at the end of 2023 than earlier estimated. Bitcoin briefly topped $63,000 for the first time since 2021, helping to lift stocks of crypto-related companies.

On Wednesday:

The S&P 500 fell 8.42 points, or 0.2%, to 5,069.76.

The Dow Jones Industrial Average fell 23.39 points, or 0.1%, to 38,949.02.

The Nasdaq composite fell 87.56 points, or 0.5%, to 15,947.74.

The Russell 2000 index of smaller companies fell 15.80 points, or 0.8%, to 2,040.31.

For the week:

The S&P 500 is down 19.04 points, or 0.4%.

The Dow is down 182.51 points, or 0.5%.

The Nasdaq is down 49.08 points, or 0.3%.

The Russell 2000 is up 23.62 points, or 1.2%.

For the year:

The S&P 500 is up 299.93 points, or 6.3%.

The Dow is up 1,259.48 points, or 3.3%.

The Nasdaq is up 936.39 points, or 6.2%.

The Russell 2000 is up 13.23 points, or 0.7%.