AP

How major US stock indexes fared Tuesday 2/7/2023

Feb 7, 2023, 2:25 PM | Updated: 2:51 pm

Stocks closed higher on Wall Street after the head of the Federal Reserve signaled last week’s stunningly strong jobs report isn’t likely to change where interest rates are heading on its own, as some investors had feared.

The S&P 500, the Nasdaq and the Dow rose. Comments from Fed chief Jerome Powell sent stocks from losses to big gains and then back and forth a couple times. High inflation and how high the Fed will take interest rates to fight it have been at the center of Wall Street’s wild movements for more than a year.

On Tuesday:

The S&P 500 rose 52.92 points, or 1.3%, to 4,164.

The Dow Jones Industrial Average rose 265.67 points, or 0.8%, to 34,156.69.

The Nasdaq composite rose 226.34 points, or 1.9%, to 12,113.79.

The Russell 2000 index of smaller companies rose 14.89 points, or 0.8%, to 1,972.61.

For the week:

The S&P 500 is up 27.52 points, or 0.7%.

The Dow is up 230.68 points, or 0.7%.

The Nasdaq is up 106.83 points, or 0.9%.

The Russell 2000 is down 12.93 points, or 0.7%.

For the year:

The S&P 500 is up 324.50 points, or 8.5%.

The Dow is up 1,009.44 points, or 3%.

The Nasdaq is up 1,647.30 points, or 15.7%.

The Russell 2000 is up 211.36 points, or 12%.

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 This material may not be published, broadcast, rewritten or redistributed.

AP

President Joe Biden speaks at a campaign rally Saturday, March 9, 2024, at Pullman Yards in Atlanta...

Associated Press

US shoots down ‘nearly all’ Iran-launched attack drones as Biden vows support for Israel’s defense

Joe Biden cut short a weekend stay at his beach house to meet with his national security team as Iran launched an attack against Israel.

18 hours ago

Protesters in Phoenix shout as they join thousands marching around the Arizona state Capitol after ...

Associated Press

Abortion ruling supercharges Arizona to be an especially important swing state

A ruling this week instituting a near-total abortion ban supercharged Arizona's role, turning it into the most critical battleground.

1 day ago

Former President Donald Trump, center, appears in court for his arraignment, Tuesday, April 4, 2023...

Associated Press

Manhattan court searching for jurors to hear first-ever criminal case against a former president

Jury selection is set to start Monday in former President Donald Trump's hush money case — the first trial of the presumptive nominee.

1 day ago

Emergency personnel arrive on the scene after a  an 18-wheeler crashed into the Texas Department of...

Associated Press

1 dead and 13 injured in semitrailer crash at a Texas public safety office, with the driver jailed

A driver rammed an 18-wheeler though the front of a building where his renewal for a commercial driver’s license had been rejected.

1 day ago

Republican presidential candidate former President Donald Trump speaks at a Get Out The Vote rally ...

Associated Press

Trump pushes Arizona lawmakers to ‘remedy’ state abortion ruling that he says ‘went too far’

Donald Trump urged Arizona lawmakers on Friday to swiftly “remedy” the state court ruling allowing prosecutors to enforce an abortion ban.

2 days ago

Biden to require more gun dealers to run background checks....

Associated Press

Biden administration will require thousands more gun dealers to run background checks on buyers

New Biden rule to require thousands more firearms dealers across the United States will have to run background checks on buyers.

2 days ago

Sponsored Articles

...

DISC Desert Institute for Spine Care

Sciatica pain is treatable but surgery may be required

Sciatica pain is one of the most common ailments a person can face, and if not taken seriously, it could become one of the most harmful.

...

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.

(KTAR News Graphic)...

Boys & Girls Clubs

KTAR launches online holiday auction benefitting Boys & Girls Clubs of the Valley

KTAR is teaming up with The Boys & Girls Clubs of the Valley for a holiday auction benefitting thousands of Valley kids.

How major US stock indexes fared Tuesday 2/7/2023