How major US stock indexes fared Tuesday, 7/23/2024

U.S. stocks held steady in a calm day on Wall Street, as earnings reporting season ramped up for big companies. The S&P 500 fell 0.2% Tuesday. The Dow Jones Industrial Average slipped 0.1%, and the Nasdaq composite edged down 0.1%. The smaller stocks in the Russell 2000 continued their big run and rose 1%. They’ve flipped the market’s leaderboard recently and zoomed higher on hopes for coming cuts to interest rates. Dozens of companies are reporting their results for the spring, with the headliners Alphabet and Tesla coming after the close of trading. Expectations are high.