How major US stock indexes fared Thursday 1/5/2023

Jan 4, 2023, 11:16 PM | Updated: Jan 5, 2023, 1:35 pm

Stocks fell broadly on Wall Street and Treasury yields rose after another hot reading on the job market raised worries that the Federal Reserve will need to continue inflicting pain on the economy to fight inflation.

The S&P 500 fell 1.2% Thursday. The Dow Jones Industrial Average and the Nasdaq also fell.

The pullback came after payroll company ADP reported a bigger-than-expected increase in jobs at private companies last month. The continued strength in the job market makes the Fed’s job of reining in inflation more difficult by putting upward pressure on wages.

On Thursday:

The S&P 500 fell 44.87 points, or 1.2%, to 3,808.10.

The Dow Jones Industrial Average fell 339.69 points, or 1%, to 32,930.08.

The Nasdaq fell 153.52 points, or 1.5%, to 10,305.24.

The Russell 2000 index of smaller companies fell 19.35 points, or 1.1%, to 1,753.19.

For the week:

The S&P 500 is down 31.40 points, or 0.8%.

The Dow is down 217.17 points, or 0.7%.

The Nasdaq is down 161.24 points, or 1.5%.

The Russell 2000 is down 8.05 points, or 0.5%.

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 This material may not be published, broadcast, rewritten or redistributed.


Juanita Beach Kirkland...

Kathy McCormack and Nick Perry, The Associated Press

‘Tis the season for swimming and bacteria alerts in lakes, rivers

With summer about to start, many people flocking to their favorite swimming holes may also want to read up on bacteria warnings.

41 minutes ago

Image: Members of the Makah Indian tribe paddle away from the rising sun as they head from Neah Bay...

Associated Press

Washington’s Makah Tribe clears major hurdle toward resuming traditional whale hunts

The U.S. granted the Makah Indian Tribe a long-sought waiver that helps clear the way for its first sanctioned whale hunts since 1999.

1 day ago

jerry west...

Tim Reynolds, The Associated Press

Jerry West, a 3-time Hall of Fame selection and the NBA logo, dies at 86

Jerry West, a three-time Basketball Hall of Fame inductee whose silhouette is considered to be the basis of the NBA logo, died Wednesday morning.

2 days ago

Photo: Construction vehicles are parked outside of the Station U & O building on Tuesday, June 11, ...

Haleluya Hadero, The Associated Press

Amazon adds $1.4B to affordable housing fund for regions where it has corporate offices

Amazon is adding $1.4B to a fund for building more affordable housing in regions where the company has major corporate offices.

3 days ago

hunter biden...

Randall Chase and the Associated Press

Hunter Biden convicted of all 3 felony charges in federal gun trial

Hunter Biden has been convicted of all three felony charges related to the purchase of a revolver in 2018, but no sentencing date was set.

3 days ago

Photo: A Bremerton man who made 20 "swatting" calls around the U.S. and in Canada, prompting real e...

Associated Press

Bremerton man sentenced for 20 ‘swatting’ calls of false threats in US, Canada

A Bremerton man who made 20 "swatting" calls around the U.S. and in Canada, prompting real emergency responses, has been sentenced.

4 days ago

How major US stock indexes fared Thursday 1/5/2023