How the major US stock indices fared Wednesday 6/22/2022

Stocks gave up an afternoon gain and ended slightly lower on Wall Street on Wednesday.

Energy companies helped pull the market down after oil prices fell. The S&P 500 is down 0.1%, the Dow Jones Industrial Average is down 0.2% and the Nasdaq is down 0.1%.

The price of US crude oil fell by 4%. Investors closely followed Federal Reserve Chairman Jerome Powell’s testimony to Congress. He reaffirmed the central bank’s determination to raise interest rates and slow inflation. Bond yields fell mainly.

On Wednesday:

The S&P 500 dropped 4.90 points, or 0.1%, to 3,759.89 points.

The Dow Jones Industrial Average dropped 47.12 points, or 0.2%, to 30,483.13.

The Nasdaq dropped 16.22 points, or 0.1%, to 11,053.08.

The Russell 2000 index of smaller companies fell 3.75 points, or 0.2%, to 1,690.28.

For the week:

The S&P 500 rose 85.05 points, or 2.3%.

The Dow rose 594.35 points, or 2%.

The Nasdaq rose 254.73 points, or 2.4%.

The Russell 2000 is up 24.58 points, or 1.5%.

For the year:

The S&P 500 is down 1,006.29 points, or 21.1%.

The Dow dropped 5,855.17 points, or 16.1%.

The Nasdaq is down 4,591.89 points, or 29.4%.

The Russell 2000 is down 555.04 points, or 24.7%.

Leave a Comment