AP

How major US stock indexes fared Wednesday 7/14/2022

Jul 14, 2022, 1:21 AM | Updated: 1:43 pm

Wall Street closed lower Thursday and banks were among the biggest weights on the market following weak earnings and a warning from JPMorgan Chase.

JPMorgan Chase reported a sharp drop in earnings for its latest quarter, falling short of forecasts. CEO Jamie Dimon reaffirmed a pessimistic view for the economy.

Inflation at the wholesale level climbed 11.3% in June compared with a year earlier. It follows a worrisome report on Wednesday showing consumer inflation is still accelerating.

On Thursday:

The S&P 500 fell 11.40 points, or 0.3%, to 3,790.38.

The Dow Jones Industrial Average fell 142.62 points, or 0.5%, to 30,630.17.

The Nasdaq rose 3.60 points, less than 0.1%, to 11,251.19.

The Russell 2000 index of smaller companies fell 18.53 points, or 1.1%, to 1,707.51.

For the week:

The S&P 500 is down 109.00 points, or 2.8%.

The Dow is down 707.98 points, or 2.3%.

The Nasdaq is down 384.12 points, or 3.3%.

The Russell 2000 is down 61.86 points, or 3.5%.

For the year:

The S&P 500 is down 975.80 points, or 20.5%.

The Dow is down 5,708.13 points, or 15.7%.

The Nasdaq is down 4,393.79 points, or 28.1%.

The Russell 2000 is down 537.81 points, or 24%.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

Photo: A delegate wears a hat with pins during the Republican National Convention Monday, July 15, ...

Christine Fernando, Steve People and Jill Colvin, The Associated Press

Rep. Walsh speaks for Washington as cheering GOP delegates nominate Trump for president

Cheering GOP delegates formally nominated Donald Trump for president at Monday's Republican National Convention kickoff.

2 days ago

Photo: Sen. J.D. Vance, R-Ohio, right, points toward Republican presidential candidate former Presi...

Jill Colvin, Julie Carr Smyth, Steve Peoples and Zeke Miller, The Associated Press

Trump picks Sen. JD Vance of Ohio, a once-fierce critic turned loyal ally, as his GOP running mate

Donald Trump named Sen. JD Vance of Ohio as his running mate, choosing a onetime critic who became a loyal ally.

2 days ago

trump assassination...

Ayanna Alexander, The Associated Press

What to know about Trump assassination attempt and the investigation into the shooting

Authorities want to know how a shooter was able to get on top of a roof so close to where former President Donald Trump was speaking and open fire.

2 days ago

Photo: Republican presidential candidate former President Donald Trump is surrounded by U.S. Secret...

Julie Carr Smyth, Jill Colvin, Colleen Long, Michael Balsamo, Eric Tucker and Michelle L. Price, The Associated Press

Trump heads to convention as authorities investigate motive, security in assassination attempt

Trump called for unity and resilience after an attempt on his life added fresh uncertainty to an already tumultuous presidential campaign.

3 days ago

Photo: President Joe Biden speaks from the Roosevelt Room of the White House in Washington, Sunday,...

Will Weissert and Zeke Miller, The Associated Press

In primetime address, Biden says country must not go down road of political violence

President Joe Biden says “we can’t, we must not go down” the road of political violence in America after the attempted Trump assassination.

3 days ago

Photo: President Joe Biden speaks at a news conference following the NATO Summit in Washington, Thu...

Zeke Miller, Seung Min Kim, Lisa Mascaro and Colleen Long, The Associated Press

Biden says during news conference he’s going to ‘complete the job’ despite calls to bow out

Biden used his highly anticipated news conference to deliver a defense of his policies and batted away questions about his ability to serve.

6 days ago

How major US stock indexes fared Wednesday 7/14/2022