Earlier today, the gains in U.S. stocks began to dwindle, influenced by a cautionary statement from Federal Reserve Governor Lisa Cook. She highlighted the potential for a significant downturn in the stock market, which seemed to dampen spirits somewhat.
Despite this, the Dow Jones Industrial Average managed a modest rise, inching up 19 points — a gain of less than 0.1% — landing at around 42,754. Meanwhile, the S&P 500 saw a better uptick, climbing 35 points, or 0.6%, to settle near 5,977. Tech stocks led the charge, as evidenced by the Nasdaq Composite’s impressive ascent. It shot up by 205 points, marking an increase of 1.1%, to reach 19,834.
These figures paint a picture of a market trying to rally amid mixed sentiments, with technology shares driving much of the upward momentum.
