How major US stock indexes fared Thursday 2/23/2023

How major US stock indexes fared Thursday 2/23/2023

SeattlePI.com

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Stocks shook off a midday slump and ended higher on Wall Street, ending a four-day losing streak. The S&P 500 rose 0.5% Thursday. The Nasdaq composite and the Dow Jones Industrial Average also rose. Tech stocks helped lead the way after Nvidia reported better results for the latest quarter than expected. It’s a turnaround for tech and high-growth stocks, which have struggled recently because of worries about rising interest rates. They’re seen as some of the most vulnerable as the Federal Reserve jacks rates higher in hopes of stamping out inflation. Treasury yields fell.

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