How Major US Stock Indexes Fared Wednesday Oct. 26, 2022

How Major US Stock Indexes Fared Wednesday Oct. 26, 2022
Traders work on the floor of the New York Stock exchange during morning trading in New York on Oct. 18, 2022. (Michael M. Santiago/Getty Images)
The Associated Press
10/26/2022
Updated:
10/26/2022

Stock ended mixed on Wall Street as investors weighed the latest batch of earnings reports, including weak results from several heavyweight technology companies.

The S&P 500 fell 0.7 percent Wednesday after shedding an early gain, and the tech-heavy Nasdaq fell 2 percent. The Dow ended just barely in the green, thanks in part to a big jump in Visa. Small-company stocks rose more than the rest of the market.

Google’s parent company slumped after its ad sales slowed dramatically. Microsoft also fell. Long-term Treasury yields continued to pull back from their multiyear highs. Steady gains in those yields have sent mortgage rates sharply higher this year.

On Wednesday:
  • The S&P 500 fell 28.51 points, or 0.7 percent, to 3,830.60.
  • The Dow Jones Industrial Average rose 2.37 points, or less than 0.1 percent, to 31,839.11.
  • The Nasdaq fell 228.12 points, or 2 percent, to 10,970.99.
  • The Russell 2000 index of smaller companies rose 8.18 points, or 0.5 percent, to 1,804.33.
For the week:
  • The S&P 500 is up 77.85 points, or 2.1 percent.
  • The Dow is up 756.55 points, or 2.4 percent.
  • The Nasdaq is up 111.28 points, or 1 percent.
  • The Russell 2000 is up 62.09 points, or 3.6 percent.
For the year:
  • The S&P 500 is down 935.58 points, or 19.6 percent.
  • The Dow is down 4,499.19 points, or 12.4 percent.
  • The Nasdaq is down 4,673.98 points, or 29.9 percent.
  • The Russell 2000 is down 440.98 points, or 19.6 percent.
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