How major US stock indexes fared Monday 1/23/2023

Jan 23, 2023, 2:26 PM | Updated: 2:27 pm

Stocks closed higher on Wall Street as investors grow more convinced the Federal Reserve will keep downshifting the size of its rate hikes and as several major companies prepare to report their latest results.

This week Microsoft, Tesla and Boeing are among the companies that will deliver their results for the last three months of 2022. Investors are anticipating the Federal Reserve will raise interest rates next week by half the size of its prior hike.

On Monday:

The S&P 500 rose 47.20 points, or 1.2%, to 4,019.81.

The Dow Jones Industrial Average rose 254.07 points, or 0.8%, to 33,629.56.

The Nasdaq composite rose 223.98 points, or 2%, to 11,364.41.

The Russell 2000 index of smaller companies rose 23.43 points, or 1.3%, to 1,890.77.

For the year:

The S&P 500 is up 180.31 points, or 4.7%.

The Dow is up 482.31 points, or 1.5%.

The Nasdaq is up 897.93 points, or 8.6%.

The Russell 2000 is up 129.52 points, or 7.4%.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

FILE - Visitors wait in front of a "Black Panther" movie banner, during an invitation-only screenin...
Associated Press

AMC exits Saudi Arabia as young cinema market booms

DUBAI, United Arab Emirates (AP) — AMC Entertainment Holdings, the world’s biggest cinema chain, has decided to exit Saudi Arabia’s fast-growing market in the face of intense competition. The decision, announced Tuesday, comes less than five years after AMC opened the kingdom’s first movie theater following a decades-long ban. Saudi Arabia lifted the ban on […]
10 hours ago
FILE - Czech policemen stand as they control cars and trucks at the border with Slovakia in Stary H...
Associated Press

Czechs to end checks at Slovak border amid migration decline

PRAGUE (AP) — The Czech Republic’s government will end checks on the country’s border with Slovakia that were renewed last year amid a new increase in migration, officials said Wednesday. The measure has been in place since Sept. 29 at 27 border crossings between the two European Union countries, which belong to the visa-free Schengen […]
10 hours ago
Associated Press

In Congo, activists look to Pope to boost forest protections

Local climate activists in Congo are hoping Pope Francis’ visit will help spur action to protect the country’s rainforest from oil and gas interests. The Pope’s call to protect Congo’s “great green lungs of the world” on Tuesday was welcomed by campaigners who see the papal visit as a fresh opportunity to highlight threats to […]
10 hours ago
Associated Press

Finland approves changes to transgender laws, cuts red tape

HELSINKI (AP) — Lawmakers in Finland approved amendments Wednesday that will make it substantially easier for people to change their legally recognized gender in the Nordic country. The amendments, which are expected to take effect as soon as possible, also abolish a provision that required transgender people to provide a medical certificate proving they were […]
10 hours ago
Associated Press

Cryptocurrency fraud scheme lands man 8 years in prison

BOSTON (AP) — The founder of a cryptocurrency and virtual payment services company who authorities say cheated dozens of investors out of about $7.5 million, which he used to buy a house, cars, jewelry, and other luxuries, has been sentenced to more than eight years in prison. Randall Crater, 52, founded Las Vegas-based My Big […]
10 hours ago
FILE - Highway BR-163 stretches between the Tapajos National Forest, left, and a soy field in Belte...
Associated Press

Brazil authorities probe Amazon ties to capital attacks

SAO PAULO (AP) — On the edge of Brazil’s Amazon rainforest, the Rovaris family is a symbol of a pioneering success story. The family arrived in the state of Mato Grosso in the 1970s as part of a wave of agricultural expansion promoted by the country’s then-military dictatorship. In a short span, the Rovaris clan […]
10 hours ago

Sponsored Articles

...
Fiesta Bowl Foundation

Celebrate 50 years of Vrbo Fiesta Bowl Parade magic!

Since its first production in the early 1970s, the Vrbo Fiesta Bowl Parade presented by Lerner & Rowe has been a staple of Valley traditions, bringing family fun and excitement to downtown Phoenix.
...
Day & Night Air Conditioning, Heating and Plumbing

Prep the plumbing in your home just in time for the holidays

With the holidays approaching, it's important to know when your home is in need of heating and plumbing updates before more guests start to come around.
(Photo via MLB's Arizona Fall League / Twitter)...
Arizona Fall League

Top prospects to watch at this year’s Arizona Fall League

One of the most exciting elements of the MLB offseason is the Arizona Fall League, which began its 30th season Monday.
How major US stock indexes fared Monday 1/23/2023