AP

How major US stock indexes fared Thursday 1/26/2023

Jan 26, 2023, 2:51 PM | Updated: 2:54 pm

Stocks climbed Thursday to send Wall Street to its highest level in nearly eight weeks following reports suggesting the economy and corporate profits may be doing better than feared.

The S&P 500 rose 1.1% Thursday after briefly dipping lower in late morning trading. More swings may still be ahead, as Wall Street digests a growing torrent of earnings and economic reports.

Thursday’s headliner showed the economy held up better through the last three months of 2022 than expected. Reports from Tesla and others helped build optimism a day after worries flared following forecasts from Microsoft widely seen as discouraging.

On Thursday:

The S&P 500 rose 44.21 points, or 1.1%, to 4,060.43.

The Dow Jones Industrial Average rose 205.57 points, or 0.6%, to 33,949.41.

The Nasdaq composite rose 199.06 points, or 1.8%, to 11,512.41.

The Russell 2000 index of smaller companies rose 12.75 points, or 0.7%, to 1,903.06.

For the week:

The S&P 500 is up 87.82 points, or 2.2%.

The Dow is up 573.92 points, or 1.7%.

The Nasdaq is up 371.98 points, or 3.3%.

The Russell 2000 is up 35.73 points, or 1.9%.

For the year:

The S&P 500 is up 220.93 points, or 5.8%.

The Dow is up 802.16 points, or 2.4%.

The Nasdaq is up 1,045.93 points, or 10%.

The Russell 2000 is up 141.82 points, or 8.1%.

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 This material may not be published, broadcast, rewritten or redistributed.

AP

Houston storms cause widespread damage on Friday...

Associated Press

Some in Houston facing no power for weeks after storms cause widespread damage, killing at least 4

Houston storms cause widespread damage on Friday, May 17. Thunderstorms hit the southeastern part of Texas, killing at least four people.

10 hours ago

Man gets 30 years in prison for attacking ex-Speaker Nancy Pelosi’s husband with a hammer...

Associated Press

Man gets 30 years in prison for attacking ex-Speaker Nancy Pelosi’s husband with a hammer

A man has been sentenced to 30 years in prison for attacking the husband of then-House Speaker Nancy Pelosi with a hammer.

11 hours ago

audio from President Joe Biden’s interview about classified documents blocked...

Associated Press

GOP advances Garland contempt charges after White House exerts executive privilege over Biden audio

The move to release audio from President Joe Biden’s interview about classified documents was blocked on Thursday by the White House.

1 day ago

Asylum processing for new migrants: Changes could come soon...

Associated Press

The Biden administration is planning more changes to quicken asylum processing for new migrants

The Biden administration is planning to quicken the asylum processing for new migrants as an interim step rather than an executive order.

2 days ago

Record-setting rally for U.S. stocks reflects inflation slowing down...

Associated Press

Stock market today: Asian shares advance after another round of Wall St records

The S&P 500 jumped 1.2% to top its prior high set a month and a half ago. This move reflects a record-setting rally for U.S. stocks.

2 days ago

This combo image shows President Joe Biden, left, Jan. 5, 2024, and Republican presidential candida...

Associated Press

Biden and Trump agree to hold presidential debates in June and in September

President Joe Biden and former President Donald Trump have agreed to hold two campaign debates, on June 27 hosted by CNN and on Sept. 10 hosted by ABC.

3 days ago

Sponsored Articles

...

Condor Airlines

Condor Airlines can get you smoothly from Phoenix to Frankfurt on new A330-900neo airplane

Adventure Awaits! And there's no better way to experience the vacation of your dreams than traveling with Condor Airlines.

...

Day & Night Air Conditioning, Heating and Plumbing

Day & Night is looking for the oldest AC in the Valley

Does your air conditioner make weird noises or a burning smell when it starts? If so, you may be due for an AC unit replacement.

...

Fiesta Bowl Foundation

The 51st annual Vrbo Fiesta Bowl Parade is excitingly upon us

The 51st annual Vrbo Fiesta Bowl Parade presented by Lerner & Rowe is upon us! The attraction honors Arizona and the history of the game.

How major US stock indexes fared Thursday 1/26/2023