Stocks drifted to a mixed finish on Wall Street Wednesday, after tentative gains earlier in the day brought the S&P 500 back near a record high.
The benchmark index fell, while the tech-heavy Nasdaq and a measure of small-company stocks rose. The Dow Jones Industrial Average slipped.
The market is stuck in a holding pattern as nervousness washes out of the market following last week’s jolt by the Federal Reserve, which said it could raise rates by 2023, earlier than previously expected.
The S&P 500 fell 4.60 points, or 0.1%, to 4,241.84.
The Dow Jones Industrial Average fell 71.34 points, or 0.2%, to 33,874.24.
The Nasdaq rose 18.46 points, or 0.1%, to 14,271.73.
The Russell 2000 index of smaller companies rose 7.52 points, or 0.3%, to 2,303.47.
For the week:
The S&P 500 is up 75.39 points, or 1.8%.
The Dow is up 584.16 points, or 1.8%.
The Nasdaq is up 241.36 points, or 1.8%.
The Russell 2000 is up 65.72 points, or 2.9%.
For the year:
The S&P 500 is up 485.77 points, or 12.9%.
The Dow is up 3,267.76 points, or 10.7%.
The Nasdaq is up 1,383.45 points, or 10.7%.
The Russell 2000 is up 328.61 points, or 16.6%.