Stocks

How Major US Stock Indexes Fared Wednesday Aug. 31, 2022

BY The Associated Press TIMEAugust 31, 2022 PRINT

Wall Street closed lower in another day of choppy trading, remaining on pace for a weekly loss after several days of declines.

Losses in technology and retail stocks outweighed gains in communications and other sectors. The S&P 500 lost nearly 1 percent Wednesday after wavering between gains and losses. The Dow Jones Industrial Average and Nasdaq composite also lost ground.

Bed Bath & Beyond lost almost a quarter of its value after announcing a major restructuring and a stock sale. The market closed August broadly lower after surging in July.

On Wednesday (Aug. 31):

  • The S&P 500 fell 31.16 points, or 0.8 percent, to 3,955.
  • The Dow Jones Industrial Average fell 280.44 points, or 0.9 percent, to 31,510.43.
  • The Nasdaq fell 66.93 points, or 0.6 percent, to 11,816.20.
  • The Russell 2000 index of smaller companies fell 11.48 points, or 0.6 percent, to 1,844.12.

For the week:

  • The S&P 500 is down 102.66 points, or 2.5 percent.
  • The Dow is down 772.97 points, or 2.4 percent.
  • The Nasdaq is down 325.51 points, or 2.7 percent.
  • The Russell 2000 is down 55.72 points, or 2.9 percent.

For the year:

  • The S&P 500 is down 811.18 points, or 17 percent.
  • The Dow is down 4,827.87 points, or 13.3 percent.
  • The Nasdaq is down 3,828.77 points, or 24.5 percent.
  • The Russell 2000 is down 401.20 points, or 17.9 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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