How major US stock indexes fared Friday 8/05/2022

Aug 5, 2022, 1:21 PM | Updated: 1:38 pm

Stocks are closing mostly lower Friday after new data on the hot U.S. jobs market suggested the Fed won’t soon rein in its aggressive rate hikes.

The S&P 500 and the Nasdaq fell, while the Dow Jones industrials notched a small gain.

Employers unexpectedly accelerated their hiring last month and added hundreds of thousands more jobs than forecast. While the data suggests the economy may not be in a recession, it also undercuts investor hopes that inflation may be close to peaking. Treasury yields jumped.

On Friday:

The S&P 500 fell 6.75 points, or 0.2%, to 4,145.19.

The Dow Jones Industrial Average rose 76.65 points, or 0.2%, to 32,803.47.

The Nasdaq fell 63.03 points, or 0.5%, to 12,657.55.

The Russell 2000 index of smaller companies rose 15.37 points, or 0.8%, to 1,921.82.

For the week:

The S&P 500 is up 14.90 points, or 0.4%.

The Dow Jones Industrial Average is down 41.66 points, or 0.1%.

The Nasdaq is up 266.87 points, or 2.2%.

The Russell 2000 index of smaller companies is up 36.59 points, or 1.9%.

For the year:

The S&P 500 is down 620.99 points, or 13%.

The Dow is down 3,534.83 points, or 9.7%.

The Nasdaq is down 2,987.42 points, or 19.1%.

The Russell 2000 is down 323.49 points, or 14.4%.

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How major US stock indexes fared Friday 8/05/2022