How major US stock indexes fared Friday 12/23/2022

Dec 22, 2022, 11:24 PM | Updated: Dec 23, 2022, 1:26 pm

Stocks closed higher on Wall Street following a batch of mixed news on the economy.

The S&P 500 rose 0.6% Friday. The benchmark index still wound up with its third weekly loss in a row.

A key measure of inflation continued to slow, but it’s still far higher than anyone wants to see. Also, growth in consumer spending weakened last month by more than expected, but incomes were a bit stronger than expected. Markets are in a tricky spot where relatively solid economic data reduces the risk of a recession but also raises the threat of higher interest rates from the Federal Reserve.

On Friday:

The S&P 500 rose 22.43 points, or 0.6%, to 3,844.82.

The Dow Jones Industrial Average rose 176.44 points, or 0.5%, to 33,203.93.

The Nasdaq rose 21.74 points, or 0.2%, to 10,497.86.

The Russell 2000 index of smaller companies rose 6.85 points, or 0.4%, to 1,760.93.

For the week:

The S&P 500 is down 7.54 points, or 0.2%.

The Dow is up 283.47 points, or 0.9%.

The Nasdaq is down 207.55 points, or 1.9%.

The Russell 2000 is down 2.49 points, or 0.1%.

For the year:

The S&P 500 is down 921.36 points, or 19.3%.

The Dow is down 3,134.37 points, or 8.6%.

The Nasdaq is down 5,147.11 points, or 32.9%.

The Russell 2000 is down 484.38 points, or 21.6%.

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 This material may not be published, broadcast, rewritten or redistributed.

AP

FILE - President Joe Biden speaks on the January jobs report in the Eisenhower Executive Office Bui...
Associated Press

State of the Union: Biden sees economic glow, GOP sees gloom

WASHINGTON (AP) — Going into Tuesday’s State of the Union address, President Joe Biden sees a nation with its future aglow. Republicans take a far bleaker view — that the country is beset by crushing debt and that Biden is largely responsible for inflation. And the GOP now holds a House majority intent on blocking […]
1 day ago
Associated Press

Drawing nears for $700M Powerball prize, 10th biggest in US

DES MOINES, Iowa (AP) — Another huge lottery jackpot will be on the line Saturday night for players willing to put up $2 against daunting odds of actually winning the top prize. The estimated $700 million Powerball jackpot is the 10th largest in U.S. lottery history and the latest in a string of huge lottery […]
1 day ago
Associated Press

Police: 2 Pakistani Taliban commanders killed in northwest

PESHAWAR, Pakistan (AP) — Pakistani police killed two commanders from a militant group in the country’s northwest, a local officer said Saturday. Pakistan has increased its operations against militants after a surge in violence by the Pakistani Taliban, or TTP, particularly in the northwest Khyber Pakhtunkhwa province. The TTP ended its cease-fire with the government […]
1 day ago
FILE - John Lydon attends the LA premiere of "Punk" at SIR in Los Angeles, Monday, March 4, 2019. P...
Associated Press

Punk icon Lydon fails in bid to play Eurovision Song Contest

LONDON (AP) — Punk icon John Lydon has failed in his attempt to become Ireland’s entry for the pop music competition the Eurovision Song Contest. The former Sex Pistols frontman entered the song “Hawaii” with his post-punk band Public Image Ltd. in the national runoff for May’s continent-wide contest. Jurors and viewers of a televised […]
1 day ago
A vendor sits at a flea market in Kyiv, Ukraine, Saturday, Feb. 4, 2023. (AP Photo/Daniel Cole)...
Associated Press

Dozens of soldiers freed in Russia-Ukraine prisoner swap

KYIV, Ukraine (AP) — Dozens of Russian and Ukrainian prisoners of war have returned home following a prisoner swap, officials on both sides said Saturday. Top Ukrainian presidential aide Andriy Yermak said in a Telegram post that 116 Ukrainians were freed. He said the released POWs include troops who held out in Mariupol during Moscow’s […]
1 day ago
FILE - The British frigate HMS Portland heads through the Suez canal, in Ismailia, Egypt Wednesday,...
Associated Press

Royal Navy sailors hospitalized after drinking water on ship

LONDON (AP) — A Royal Navy warship has returned to port in Britain after several sailors got sick from the vessel’s drinking water, officials said Saturday The navy said frigate HMS Portland had returned to its base at Portsmouth on England’s south coast on Friday “as a precautionary measure, following an issue with one of […]
1 day ago

Sponsored Articles

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.
SHIBA WA...

Medicare open enrollment is here and SHIBA can help!

The SHIBA program – part of the Office of the Insurance Commissioner – is ready to help with your Medicare open enrollment decisions.
Lake Washington Windows...

Choosing Best Windows for Your Home

Lake Washington Windows and Doors is a local window dealer offering the exclusive Leak Armor installation.
Anacortes Christmas Tree...

Come one, come all! Food, Drink, and Coastal Christmas – Anacortes has it all!

Come celebrate Anacortes’ 11th annual Bier on the Pier! Bier on the Pier takes place on October 7th and 8th and features local ciders, food trucks and live music - not to mention the beautiful views of the Guemes Channel and backdrop of downtown Anacortes.
Swedish Cyberknife Treatment...

The revolutionary treatment of Swedish CyberKnife provides better quality of life for majority of patients

There are a wide variety of treatments options available for men with prostate cancer. One of the most technologically advanced treatment options in the Pacific Northwest is Stereotactic Body Radiation Therapy using the CyberKnife platform at Swedish Medical Center.
How major US stock indexes fared Friday 12/23/2022