How major US stock indexes fared Wednesday 8/24/2022

Aug 24, 2022, 1:28 AM | Updated: 1:43 pm

Stocks closed modestly higher as Wall Street recovered some of this week’s steep losses ahead of a highly anticipated speech by the Federal Reserve chair later this week.

The S&P 500 ended 0.3% higher Wednesday. The Dow Jones Industrial Average and Nasdaq also inched higher. Trading has been quiet the last two days ahead of a speech on Friday by Jerome Powell. Investors hope he’ll offer clarity about where interest rates are heading.

Treasury yields rose after a report showed orders for long-lasting goods were stronger in July than expected, excluding transportation.

On Wednesday:

The S&P 500 rose 12.04 points, or 0.3%, to 4,140.77.

The Dow Jones Industrial Average rose 59.64 points, or 0.2%, to 32,969.23.

The Nasdaq gained 50.23 points, or 0.4%, to 12,431.53.

The Russell 2000 index of smaller companies rose 16.14 points, or 0.8%, to 1,935.29.

For the week:

The S&P 500 is down 87.71 points, or 2.1%.

The Dow is down 737.51 points, or 2.2%.

The Nasdaq is down 273.69 points, or 2.2%.

The Russell 2000 is down 22.06 points, or 1.1%.

For the year:

The S&P 500 is down 625.41 points, or 13.1%.

The Dow is down 3,369.07 points, or 9.3%.

The Nasdaq is down 3,213.44 points, or 20.5%.

The Russell 2000 is down 310.03 points, or 13.8%.

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 This material may not be published, broadcast, rewritten or redistributed.


FILE - Idaho Attorney General candidate Rep. Raul Labrador speaks during the Idaho Republican Party...

Associated Press

Families sue to block Idaho law barring gender-affirming care for minors

The families of two transgender teenagers filed a lawsuit Thursday to block enforcement of Idaho's ban on gender-affirming medical care for minors.

16 hours ago

Amazon agreed Wednesday to pay a $25 million civil penalty to settle Federal Trade Commission alleg...

Associated Press

Amazon fined $25M for violating child privacy with Alexa

Amazon agreed Wednesday to pay a $25 million civil penalty to settle Federal Trade Commission allegations it violated a child privacy law

16 hours ago

FILE - Candles are lit on a memorial wall during an anniversary memorial service at the Holy Trinit...

Associated Press

Pain and terror felt by passengers before Boeing Max crashed can be considered, judge rules

Families of passengers who died in the crash of a Boeing 737 Max in Ethiopia can seek damages for the pain and terror suffered by victims in the minutes before the plane flew nose-down into the ground, a federal judge has ruled.

2 days ago

OpenAI's CEO Sam Altman, the founder of ChatGPT and creator of OpenAI speaks at University College ...

Associated Press

Artificial intelligence threatens extinction, experts say in new warning

Scientists and tech industry leaders issued a new warning Tuesday about the perils that artificial intelligence poses to humankind.

2 days ago

Amazon agreed Wednesday to pay a $25 million civil penalty to settle Federal Trade Commission alleg...

Associated Press

Hundreds of Amazon workers protest company’s climate impact, return-to-office mandate

SEATTLE (AP) — Telling executives to “strive harder,” hundreds of corporate Amazon workers protested what they decried as the company’s lack of progress on climate goals and an inequitable return-to-office mandate during a lunchtime demonstration at its Seattle headquarters Wednesday. The protest came a week after Amazon’s annual shareholder meeting and a month after a […]

3 days ago


Associated Press

Body of avalanche victim in Washington state recovered after being spotted by volunteer

Search crews have recovered the body of a climber who was one of three killed in an avalanche on Washington's Colchuck Peak in February.

3 days ago

Sponsored Articles

Internet Washington...

Major Internet Upgrade and Expansion Planned This Year in Washington State

Comcast is investing $280 million this year to offer multi-gigabit Internet speeds to more than four million locations.

Compassion International...

Brock Huard and Friends Rally Around The Fight for First Campaign

Professional athletes are teaming up to prevent infant mortality and empower women at risk in communities facing severe poverty.

Emergency Preparedness...

Prepare for the next disaster at the Emergency Preparedness Conference

Being prepared before the next emergency arrives is key to preserving businesses and organizations of many kinds.

SHIBA volunteer...

Volunteer to help people understand their Medicare options!

If you’re retired or getting ready to retire and looking for new ways to stay active, becoming a SHIBA volunteer could be for you!

safety from crime...

As crime increases, our safety measures must too

It's easy to be accused of fearmongering regarding crime, but Seattle residents might have good reason to be concerned for their safety.

Comcast Ready for Business Fund...

Ilona Lohrey | President and CEO, GSBA

GSBA is closing the disparity gap with Ready for Business Fund

GSBA, Comcast, and other partners are working to address disparities in access to financial resources with the Ready for Business fund.

How major US stock indexes fared Wednesday 8/24/2022