How major US stock indexes fared Thursday 12/29/2022

Dec 28, 2022, 11:32 PM | Updated: Dec 29, 2022, 1:48 pm

Stocks rallied to a higher close on Wall Street as new jobless benefits data showed that the labor market remains strong.

The S&P 500 rose 1.7% Thursday and the Nasdaq and Dow also closed higher. The major indexes are headed for monthly losses to cap off the worst year for stock investors since 2008.

Tesla recovered much of its recent losses. The Labor Department said the number of people seeking unemployment benefits was only modestly higher last week, a sign that the labor market remains strong. Treasury yields were mixed. Markets in Europe were higher and markets in Asia slipped.

On Thursday:

The S&P 500 rose 66.06 points, or 1.7%, to 3,849.28.

The Dow Jones Industrial Average rose 345.09 points, or 1%, to 33,220.80.

The Nasdaq rose 264.80 points, or 2.6%, to 10,478.09.

The Russell 2000 index of smaller companies rose 44.23 points, or 2.6%, to 1,766.25.

For the week:

The S&P 500 is up 4.46 points, or 0.1%.

The Dow is up 16.87 points, or 0.1%.

The Nasdaq is down 19.78 points, or 0.2%.

The Russell 2000 is up 5.32 points, or 0.3%.

For the year:

The S&P 500 is down 916.90 points, or 19.2%.

The Dow is down 3,117.50 points, or 8.6%.

The Nasdaq is down 5,166.88 points, or 33%.

The Russell 2000 is down 479.06 points, or 21.3%.

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 This material may not be published, broadcast, rewritten or redistributed.

AP

Associated Press

Friday’s Scores

BOYS PREP BASKETBALL= Annie Wright 78, Life Christian Academy 38 Auburn 83, Kentlake 34 Auburn Mountainview 67, Auburn Riverside 33 Bainbridge 60, Bremerton 33 Battle Ground 91, Prairie 53 Bellarmine Prep 50, Puyallup 42 Bellingham 72, Mount Baker 45 Black Hills 76, Centralia 37 Bonney Lake 67, Thomas Jefferson 60 Bush 64, Granite Falls 57 […]
23 hours ago
Associated Press

Friday’s Scores

GIRLS PREP BASKETBALL= Adna 58, Mossyrock 48 Arlington 61, Everett 50 Auburn Mountainview 52, Auburn Riverside 37 Bear Creek School 42, Summit Sierra 8 Bellarmine Prep 73, Puyallup 46 Bellevue 61, Hazen 50 Bellevue Christian 65, Vashon Island 17 Bellingham 41, Mount Baker 24 Bremerton 34, Bainbridge 25 Brewster 60, Oroville 22 Camas 64, Heritage […]
23 hours ago
FILE - Ukrainian soldiers prepare a U.S.-supplied M777 howitzer to fire at Russian positions in Khe...
Associated Press

How to fix a howitzer: US offers help line to Ukraine troops

A MILITARY BASE IN SOUTHEASTERN POLAND (AP) — On the front lines in Ukraine, a soldier was having trouble firing his 155 mm howitzer gun. So, he turned to a team of Americans on the other end of his phone line for help. “What do I do?” he asked the U.S. military team member, miles […]
23 hours ago
FILE - Former President Donald Trump gestures as he announces he is running for president for the t...
Associated Press

Trump kicks off 2024 bid with events in early voting states

COLUMBIA, S.C. (AP) — Former President Donald Trump is set to kick off his 2024 White House bid on Saturday with visits to a pair of early voting states, his first campaign events since launching his bid more than two months ago. Trump will be the keynote speaker at the New Hampshire GOP’s annual meeting […]
23 hours ago
Re-elected Republican National Committee Chair Ronna McDaniel holds a gavel while speaking at the c...
Associated Press

Republicans confront bitter divide; no clear path forward

DANA POINT, Calif. (AP) — Ronna McDaniel has become the longest serving leader of the Republican National Committee since the Civil War. But now, she must confront a modern-day civil war within the GOP. Frustrated Republicans from state capitals to Capitol Hill to the luxury Southern California hotel where RNC members gathered this week are […]
23 hours ago
Associated Press

Today in History: JAN 28, Space Shuttle Challenger explodes

Today in History Today is Saturday, Jan. 28, the 28th day of 2023. There are 337 days left in the year. Today’s Highlight in History: On Jan. 28, 1973, a cease-fire officially went into effect in the Vietnam War, a day after the signing of the Paris Peace Accords by the United States, North Vietnam […]
23 hours 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 Thursday 12/29/2022