Stocks ended another bumpy day, mostly up on Wall Street, but still suffered their biggest weekly losses since March 2020, when markets went into freefall at the start of the coronavirus shutdowns.
Them&P 500, the benchmark for many index funds in 401(k) accounts, edged up 0.2% on Friday. It still lost 5.8% on the week, its tenth weekly loss in the last 11 months. The Dow Jones fell 0.1% and the Nasdaq added 1.4%.
Markets around the world have trembled as investors adjust to the bitter medicine of higher interest rates that central banks are increasingly doling out to fight inflation.
Them&P 500 rose 8.07 points, or 0.2%, to 3,674.84.
The Dow Jones Industrial Average fell 38.29 points, or 0.1%, to 29,888.78.
The Nasdaq rose 152.25 points, or 1.4%, to 10,798.35.
The Russell 2000 Small Business Index rose 15.86 points, or 1%, to 1,665.69.
For the week:
Them&P 500 is down 226.02 points, or 5.8%.
The Dow is down 1,504.01 points, or 4.8%.
The Nasdaq is down 541.67 points, or 4.8%.
The Russell 2000 is down 134.59 points, or 7.5%.
For the year:
Them&P 500 is down 1,091.34 points, or 22.9%.
The Dow is down 6,449.52 points, or 17.7%.
The Nasdaq is down 4,846.62 points, or 31%.
The Russell 2000 is down 579.62 points, or 25.8%.
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Post expires at 11:37pm on Tuesday June 28th, 2022