How major US stock indexes fared Friday 10/21/2022

Oct 21, 2022, 1:20 AM | Updated: 1:27 pm

Stocks closed higher on Wall Street Friday, notching sizable weekly gains for major indexes.

The benchmark S&P 500 rose 2.4% Friday, while the Dow Jones Industrial Average and the Nasdaq also gained ground. Social media companies were broadly lower after Snapchat’s parent company issued a weak outlook and the Washington Post reported that Elon Musk plans to slash about three-quarters of the payroll at Twitter after he buys the company.

The yield on the two-year Treasury note fell to 4.49% on hopes that the Federal Reserve might consider slowing down its future rate increases after making another big hike next month.

On Friday:

The S&P 500 rose 86.97 points, or 2.4%, to 3,752.75.

The Dow Jones Industrial Average rose 748.97 points, or 2.5%, to 31,082.56.

The Nasdaq rose 244.87 points, or 2.3%, to 10,859.72.

The Russell 2000 index of smaller companies rose 37.85 points, or 2.2%, to 1,742.24.

For the week:

The S&P 500 is up 169.68 points, or 4.7%.

The Dow is up 1,447.73 points, or 4.9%.

The Nasdaq is up 538.33 points, or 5.2%.

The Russell 2000 is up 59.84 points, or 3.6%.

For the year:

The S&P 500 is down 1,013.43 points, or 21.3%.

The Dow is down 5,255.74 points, or 14.5%.

The Nasdaq is down 4,785.26 points, or 30.6%.

The Russell 2000 is down 503.07 points, or 22.4%.

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 This material may not be published, broadcast, rewritten or redistributed.


FILE - OpenAI's CEO Sam Altman gestures while speaking at University College London as part of his ...

Associated Press

OpenAI boss ‘heartened’ by talks with world leaders over will to contain AI risks

OpenAI CEO Sam Altman said Monday he was encouraged by a desire shown by world leaders to contain any risks posed by the artificial intelligence technology his company and others are developing.

19 hours ago

FILE - The draft of a bill that President Joe Biden and House Speaker Kevin McCarthy of Calif., neg...

Associated Press

Debt deal imposes new work requirements for food aid and that frustrates many Democrats

Democrats are deeply conflicted about the debt ceiling deal, fearing damage has been done to safety net programs

2 days ago

Seattle lawyer...

Associated Press

Lawsuit alleging ex-deputy falsified arrest report settled for $250K

A lawsuit filed by a Washington oyster farmer accusing a former county deputy of falsifying an arrest report

2 days ago

Mt. Rainier death...

Associated Press

Washington man climbing Mount Rainier dies near summit

A Washington state man who was trying to summit Mount Rainier this week collapsed and died near the top of the mountain.

4 days ago

biden crisis averted...

Zeke Miller and Chris Megerian

Biden celebrates a ‘crisis averted’ in Oval Office address on bipartisan debt ceiling deal

President Joe Biden celebrated a “crisis averted” in his first speech to the nation from the Oval Office Friday evening.

4 days ago

Margrethe Vestager, Executive Vice-President for A Europe Fit for the Digital Age and Competition, ...

Associated Press

US, Europe working on voluntary AI code of conduct as calls grow for regulation

The United States and Europe are drawing up a voluntary code of conduct for artificial intelligence as the developing technology triggers warnings

4 days ago

Sponsored Articles

Men's Health Month...

Men’s Health Month: Why It’s Important to Speak About Your Health

June is Men’s Health Month, with the goal to raise awareness about men’s health and to encourage men to speak about their health.

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.

How major US stock indexes fared Friday 10/21/2022