Market Pulse
Nasdaq closes at highest level in nearly 10 months as stocks pare early gains
The S&P 500 finished unchanged on Tuesday after unwinding gains from earlier in the session, but that didn't stop the Nasdaq Composite from clinching its highest close since August, according to preliminary FactSet data. The S&P 500 finished essentially unchanged, but still managed to log its first back-to-back closes above the key 4,200 level since August. For roughly the last nine months, stocks have had a hard time holding above that level. The Nasdaq Composite gained 41 points, or 0.3%, to 13,017.43, its highest close since Aug. 16, according to FactSet data. The Dow Jones Industrial Average shed 50.56 points, or 0.2%, to 33,042.78.
-Joseph Adinolfi
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(END) Dow Jones Newswires
May 30, 2023 16:08 ET (20:08 GMT)
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