Stock Market News for Apr 10, 2023 – Nasdaq

Wall Street closed higher on Thursday, led by a rally triggered by a mega-cap tech giant. Investors, who have been worried in recent sessions about economic data reflecting the economy going into recession, capped the holiday-shortened week on a high. Two of the three major indexes ended in the green, while one remained flat.

How Did the Benchmarks Perform?

The Dow Jones Industrial Average (DJI) remained virtually flat to close at 33,485.29. Fifteen components of the 30-stock index ended in positive territory, while 15 ended in negative.

The S&P 500 added 0.4% or 14.64 points to close at 4,105.02. Eight of the 11 broad sectors of the benchmark index ended in positive territory. The Communication Services Select Sector SPDR (XLC), the Utilities Select Sector SPDR (XLU) and the Real Estate Select Sector SPDR (XLRE) gained 1.3%, 0.7% and 0.7%, respectively, while the Energy Select Sector SPDR (XLE) lost 1.5%.

The tech-heavy Nasdaq gained 0.8% or 91.10 points to finish at 12,087.96….

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