AP

How major US stock indexes fared Wednesday 10/19/2022

Oct 19, 2022, 1:19 AM | Updated: 1:25 pm

Stocks closed lower on Wall Street, reversing course after two days of gains.

Major indexes are still higher for the week despite the declines, which pulled every sector lower except energy. Treasury yields continue to climb to multiyear highs, tempting investors with higher returns on relatively low-risk investments.

The yield on the two-year Treasury rose above 4.5% and is at its highest level since August 2007.

Several companies fell after reporting disappointing results including backup generator maker Generac and M&T Bank. Small-company stocks fell more than the rest of the market.

On Wednesday:

The S&P 500 fell 24.82 points, or 0.7%, to 3,695.16.

The Dow Jones Industrial Average fell 99.99 points, or 0.3%, to 30,423.81.

The Nasdaq fell 91.89 points, or 0.9%, to 10,680.51.

The Russell 2000 index of smaller companies fell 30.20 points, or 1.7%, to 1,725.76.

For the week:

The S&P 500 is up 112.09 points, or 3.1%.

The Dow is up 788.98 points, or 2.7%.

The Nasdaq is up 359.12 points, or 3.5%.

The Russell 2000 is up 43.35 points, or 2.6%.

For the year:

The S&P 500 is down 1,071.01 points, or 22.5%.

The Dow is down 5,914.49 points, or 16.3%.

The Nasdaq is down 4,964.46 points, or 31.7%.

The Russell 2000 is down 519.56 points, or 23.1%.

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 This material may not be published, broadcast, rewritten or redistributed.

AP

Image:The headquarters of Live Nation is shown June 29, 2020, in Beverly Hills, California. The Jus...

Associated Press

Government sues Ticketmaster owner and asks court to break up company’s monopoly on live events

The DOJ has accused Ticketmaster and parent company Live Nation Entertainment of running an illegal monopoly over live events in America.

2 days ago

Image: Ambulances are seen at the airport where a London-Singapore flight that encountered severe t...

Associated Press

World news roundup: Man dies after turbulence; Iran funerals; Israel media law

A Singapore Airlines flight hit severe turbulence over the Indian Ocean and descended 6,000 feet in a span of about three minutes.

4 days ago

Image: Bruce Nordstrom, left, and Jeannie Nordstrom attend the Nordstrom NYC Flagship Opening Party...

Associated Press

Bruce Nordstrom, who helped grow family-led department store chain, dies at 90

Bruce Nordstrom, a retail executive who helped expand his family's Pacific Northwest chain into an upscale national brand, has died.

5 days ago

Image:Israeli Prime Minister Benjamin Netanyahu attends the weekly cabinet meeting at the prime min...

Associated Press

World news roundup: Netanyahu arrest warrant; Assange can appeal; UK blood scandal

The International Criminal Court said it is seeking arrest warrants for Israeli and Hamas leaders, including Benjamin Netanyahu.

5 days ago

Image: In this photo released by the Iranian Presidency Office, President Ebrahim Raisi attends a m...

Associated Press

Iran president and others found dead at helicopter crash site, state media says

Iran President Ebrahim Raisi, the country’s foreign minister and others have been found dead at the site of a helicopter crash Monday.

5 days ago

Photo: Shawna Williams, owner of Free Range Cycles, poses outside her shop on May 6, 2024, in Seatt...

Mae Anderson, The Associated Press

Bike shops boomed early in the pandemic. It’s been a bumpy ride for most ever since

For the nation's bicycle shops, the past few years have probably felt like the business version of the Tour de France, with numerous twists and turns testing their endurance.

6 days ago

How major US stock indexes fared Wednesday 10/19/2022