How major US stock indexes fared Thursday 12/22/2022

Dec 21, 2022, 11:23 PM | Updated: Dec 22, 2022, 1:25 pm

Stocks closed lower on Wall Street as stronger-than-expected reports on the economy caused worries to flare about interest rates staying high.

The S&P 500 closed 1.4% lower after being down as much as 2.9% earlier. The Nasdaq and the Dow also fell.

Employers laid off fewer workers than anticipated last week and the economy grew more strongly in the summer than expected. Usually that would be good news, particularly when worries are high about a possible recession looming. But it also suggests the Federal Reserve may follow through on its pledge to stay aggressive on economy-crunching interest rates.

On Thursday:

The S&P 500 fell 56.05 points, or 1.4%, to 3,822.39.

The Dow Jones Industrial Average fell 348.99 points, or 1.%, to 33,027.49.

The Nasdaq fell 233.25 points, or 2.2%, to 10,476.12.

The Russell 2000 index of smaller companies fell 22.85 points, or 1.3%, to 1,754.09.

For the week:

The S&P 500 is down 29.97 points, or 0.8%.

The Dow is up 107.03 points, or 0.3%.

The Nasdaq is down 229.29 points, or less than 2.1%.

The Russell 2000 is down 9.33 points, or 0.5%.

For the year:

The S&P 500 is down 943.79 points, or 19.8%.

The Dow is down 3,310.81 points, or 9.1%.

The Nasdaq is down 5,168.55 points, or 33%.

The Russell 2000 is down 491.23 points, or 21.9%.

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 This material may not be published, broadcast, rewritten or redistributed.


moore redmond washington...

Associated Press

U.S. Supreme Court rules against Redmond couple challenging foreign income tax

The court ruled in the case of Charles and Kathleen Moore, of Redmond, Washington after they previously challenged a $15,000 tax bill.

2 days ago

Image:The New York Giants' Willie Mays poses for a photo during baseball spring training in 1972. M...

Associated Press

Willie Mays, Giants’ electrifying ‘Say Hey Kid,’ dies at 93

Willie Mays, whose singular combination of talent, drive and exuberance made him one of baseball’s greatest players, has died. He was 93.

3 days ago

Image: This photo provided by the Washington Department of Ecology shows a derailed BNSF train on t...

Associated Press

Judge orders BNSF to pay Washington tribe nearly $400M for trespassing with oil trains

BNSF Railway must pay the sum to a Native American tribe in Washington after it ran 100-car trains with crude oil on the tribe's reservation.

4 days ago

Photo: In this photo provided by Tieanna Joseph Cade, an amusement park ride is shown stuck with 30...

Associated Press

Crews rescue 28 people trapped upside down high on Oregon amusement park ride

Emergency crews in Oregon rescued 28 people after they were stuck dangling upside down high on a ride at a century-old amusement park.

4 days ago

juneteenth shooting texas...

Associated Press

2 killed and 6 wounded in shooting during a Juneteenth celebration in a Texas park

A shooting in a Texas park left two people dead and six wounded, including two children, on Saturday, authorities said.

6 days ago

Photo: Israeli soldiers drive a tank near the Israeli-Gaza border, in southern Israel, Wednesday, J...

Jack Jeffery, The Associated Press

8 Israeli soldiers killed in southern Gaza in deadliest attack on Israeli forces in months

An explosion in Gaza killed eight Israeli soldiers, the military said Saturday, making it the deadliest attack on Israeli forces in months.

6 days ago

How major US stock indexes fared Thursday 12/22/2022