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Nasdaq composite: 19,511.23, up 2.45%. 10-year Treasury yield : 4.647%, down 14 basis points. Investors are largely expecting the Federal Reserve to pause its rate-cutting cycle this month.
The tech-heavy Nasdaq Composite fell 1.58% while the S&P 500 lost 1.12%. The Dow Jones shed 333 points to end the day.
Dow Jones Industrial Average: 42,330.15, up 0.1% (17 points) Nasdaq composite : 18,189.17, up 0.4% Aside from Fed comments, investors are preparing for a wave of employment data this week.
The Dow Jones Composite Average is the stock market index composed of 65 prominent companies traded on both exchanges, maintained and tracked by S&P Dow Jones Indices.The average's components include every stock from the Dow Jones Industrial Average (30 components), the Dow Jones Transportation Average (20), and the Dow Jones Utility Average (15).
Indexes were mixed Thursday as investors struggled to regain footing after Wednesday's big sell-off. The Dow rose just 15 points to narrowly break a 10-day losing streak, its worst in 50 years.
The index shed over 250, trailed by a loss of 0.43% and 0.51% for the S&P 500 and Nasdaq Composite, respectively. The Dow has lost 2.8% since the start of December.
Stock market indices may be categorized by their index weight methodology, or the rules on how stocks are allocated in the index, independent of its stock coverage. For example, the S&P 500 and the S&P 500 Equal Weight each cover the same group of stocks, but the S&P 500 is weighted by market capitalization, while the S&P 500 Equal Weight places equal weight on each constituent.
The Dow was lower by 333 points, or 0.78%, after the closing bell. The S&P 500 lost 1.1% and the Nasdaq Composite was down by 1.5%, after a selloff in Big Tech stocks.