• June 12, 2024

How major US stock indexes fared Wednesday, 6/12/2024

The S&P 500 rose 0.9% Wednesday, closing at another record high, after the Federal Reserve also gave reassurance that it still sees a cut to interest rates as likely this year. The Nasdaq composite rose 1.5%, also beating the all-time high it set a day earlier. The Nasdaq composite rose 264.89 points, or 1.5%, to 17,608.44.