Stocks

How Major US Stock Indexes Fared Wednesday Aug. 17, 2022

BY The Associated Press TIMEAugust 17, 2022 PRINT

Stocks closed lower on Wall Street, led by drops in big technology companies and erasing the S&P 500′s gains for the week.

The S&P 500 fell 0.7 percent Wednesday, while the Dow Jones Industrial Average and the Nasdaq also fell. Small-company stocks fell more than the rest of the market.

Wall Street was absorbing a mix of retail updates that showed inflation pressure continues to affect businesses and consumers, but also shows that spending remains strong. Target fell after reporting a plunge in profits. The government reported that retail sales were flat in July.

On Wednesday (Aug. 17):

  • The S&P 500 fell 31.16 points, or 0.7 percent, to 4,274.04.
  • The Dow Jones Industrial Average fell 171.69 points, or 0.5 percent, to 33,980.32.
  • The Nasdaq fell 164.43 points, or 1.3 percent, to 12,938.12.
  • The Russell 2000 index of smaller companies fell 33.22 points, or 1.6 percent, to 1,987.31.

For the week:

  • The S&P 500 is down 6.11 points, or 0.1 percent.
  • The Dow is up 219.27 points, or 0.6 percent.
  • The Nasdaq is down 109.06 points, or 0.8 percent.
  • The Russell 2000 is down 29.30 points, or 1.5 percent.

For the year:

  • The S&P 500 is down 492.14 points, or 10.3 percent.
  • The Dow is down 2,357.98 points, or 6.5 percent.
  • The Nasdaq is down 2,706.85 points, or 17.3 percent.
  • The Russell 2000 is down 258 points, or 11.5 percent.

The Epoch Times Copyright © 2022 The views and opinions expressed are those of the authors. They are meant for general informational purposes only and should not be construed or interpreted as a recommendation or solicitation. The Epoch Times does not provide investment, tax, legal, financial planning, estate planning, or any other personal finance advice. The Epoch Times holds no liability for the accuracy or timeliness of the information provided.

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