From NASDAQ MarketSite: 2024-05-09 09:29:00

Wall Street closed mixed as interest rates remained in focus. The Dow Jones Industrial Average rose above 39,000 for the first time in five weeks. The Nasdaq Composite declined, while the S&P 500 remained virtually unchanged. Investors are optimistic about monetary policy, expecting two rate cuts this year and monitoring mixed earnings results. Treasury yields rose after a 10-year note auction. Economic data included a drop in wholesale inventories and a decrease in commercial crude oil inventories.onedDateTime.



Read more at NASDAQ MarketSite: Stock Market News for May 9, 2024