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Stocks drifted to a mixed close on Wall Street as drops in several Big Tech companies offset gains in other parts of the market.
The S&P 500 gave up an early gain and closed down 0.1% Wednesday. The Nasdaq composite fell 0.2% and the Dow eked out a gain of 13 points.
Facebook parent company Meta fell 2% and Google’s parent company Alphabet gave up 1.6%. General Motors jumped 9.4% after the automaker announced a big stock buyback, raised its dividend and said it wouldn’t have any trouble absorbing the costs of its new labor contract. Treasury yields fell.
On Wednesday:
The S&P 500 fell 4.31 points, or 0.1%, to 4,550.58
The Dow Jones Industrial Average rose 13.44 points, or less than 0.1%, to 35,430.42.
The Nasdaq composite fell 23.27 points, or 0.2%, to 14,258.49.
The Russell 2000 index of smaller companies rose 11 points, or 0.6% to 1,803.81.
For the week:
The S&P 500 is down 8.76 points, or 0.2%.
The Dow is up 40.27 points, or 0.1%.
The Nasdaq is up 7.63 points, or 0.1%.
The Russell 2000 is down 3.69 points, or 0.2%.
For the year:
The S&P 500 is up 711.08 points, or 18.5%.
The Dow is up 2,283.17 points, or 6.9%.
The Nasdaq is up 3,792.01 points, or 36.2%.
The Russell 2000 is up 42.56 points, or 2.4%.