How major US stock indexes fared Monday 5/22/2023

Stocks drifted to a mixed close as Wall Street waited to see whether a pivotal meeting later in the day will help the U.S. government avoid a potentially disastrous default on its debt.

The S&P 500 closed little changed Monday. The Dow slipped 0.4% and the Nasdaq rose 0.5%.

Big Tech was continuing its strong run for the year so far, including Meta Platforms. Even a record fine from the European Union couldn’t slow it. Micron Technology was on the losing end after China accused its products of risking national security amid high tensions between Washington and Beijing.

On Monday:

The S&P 500 rose 0.65 points, or less than 0.1%, to 4,192.63.

The Dow Jones Industrial Average fell 140.05 points, or 0.4%, to 33,286.58.

The Nasdaq composite rose 62.88 points, or 0.5% to 12,720.78.

The Russell 2000 index of smaller companies rose 21.67 points, or 1.2%, to 1,795.38.

For the year:

The S&P 500 is up 353.13 points, or 9.2%.

The Dow is up 139.33 points, or 0.4%.

The Nasdaq is up 2,254.29 points, or 21.5%.

The Russell 2000 is up 34.14 points, or 1.9%.

Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.