How major US stock indexes fared Wednesday 11/9/2022
Nov 9, 2022, 2:20 PM | Updated: 2:52 pm
Wall Street closed sharply lower, giving back a big chunk of the gains built in a three-day rally running up to Election Day.
Several sources of disappointment were behind the drop Wednesday.
There’s still uncertainty about whether Tuesday’s elections will result in a divided Congress that would prevent the kinds of economic policies that make Wall Street nervous. A batch of sour profit reports also hurt, while crypto plunged again amid the industry’s latest crisis of confidence. Looming over all of it is a report scheduled for Thursday, when the U.S. government gives the latest update on inflation.
On Wednesday:
The S&P 500 fell 79.54 points, or 2.1%, to 3,748.57.
The Dow Jones Industrial Average fell 646.89 points, or 2%, to 32,513.94.
The Nasdaq fell 263.02 points, or 2.5%, to 10,353.17.
The Russell 2000 index of smaller companies fell 48.53 points, or 2.7%, to 1,760.40.
For the week:
The S&P 500 is down 21.98 points, or 0.6%.
The Dow is up 110.72 points, or 0.3%.
The Nasdaq is down 122.08 points, or 1.2%.
The Russell 2000 is down 39.47 points, or 2.2%.
For the year:
The S&P 500 is down 1,017.61 points, or 21.4%.
The Dow is down 3,824.36 points, or 10.5%.
The Nasdaq is down 5,291.80 points, or 33.8%.
The Russell 2000 is down 484.91 points, or 21.6%.
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