How major US stock indexes fared Wednesday 9/28/2022

Sep 28, 2022, 1:17 PM | Updated: 1:33 pm

Stocks on Wall Street soared to their first gain in more than a week as some calm returns to financial markets around the world.

The S&P 500 jumped 2% Wednesday for its best day in seven weeks. That snapped Wall Street’s longest losing streak since the coronavirus crash in February 2020.

Bond markets globally also relaxed after the Bank of England moved forcefully to get a budding financial crisis there under control. Treasury yields fell sharply, easing some of the pressure that has sent stocks down more than 20% on Wall Street this year.

On Wednesday:

The S&P 500 rose 71.75 points, or 2%, to 3,719.04.

The Dow Jones Industrial Average rose 548.75 points, or 1.9%, to 29,683.74.

The Nasdaq rose 222.13 points, or 2.1%, to 11,051.64.

The Russell 2000 index of smaller companies rose 52.73 points, or 3.2%, to 1,715.24.

For the week:

The S&P 500 is up 25.81 points, or 0.7%.

The Dow is up 93.33 points, or 0.3%.

The Nasdaq is up 183.71 points, or 1.7%.

The Russell 2000 is up 35.65 points, or 2.1%.

For the year:

The S&P 500 is down 1,047.14 points, or 22%.

The Dow is down 6,654.56 points, or 18.3%.

The Nasdaq is down 4,593.33 points, or 29.4%.

The Russell 2000 is down 530.07 points, or 23.6%.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

Associated Press

Pricey pants from 1857 go for $114k, raise Levi’s questions

RENO, Nev. (AP) — Pulled from a sunken trunk at an 1857 shipwreck off the coast of North Carolina, work pants that auction officials describe as the oldest known pair of jeans in the world have sold for $114,000. The white, heavy-duty miner’s pants with a five-button fly were among 270 Gold Rush-era artifacts that […]
13 hours ago
FILE - Oranges rot on the ground on Oct. 12, 2022, at Roy Petteway's Citrus and Cattle Farm after t...
Associated Press

USDA: Florida orange crop down 36% after twin hurricanes

ST. PETERSBURG, Fla. (AP) — Production of oranges in Florida this season is forecast to be down 36% from earlier estimates, in part a reflection of twin hurricanes that battered growing regions, according to U.S. Agriculture Department figures released Friday. The latest forecast calls for about 18 million boxes of oranges to be produced in […]
13 hours ago
FILE - A JetBlue Airbus A320 taxis to a gate on Oct. 26, 2016, after landing, as an American Airlin...
Associated Press

American, JetBlue expand deal that US is trying to kill

FORT WORTH, Texas (AP) — American Airlines and JetBlue Airways are pushing ahead with an expansion of their partnership in the Northeast, even as a federal judge considers the government’s attempt to kill the deal. The airlines said Friday that American will add six new routes from New York City while dropping one. JetBlue will […]
13 hours ago
Associated Press

Guyana opens bidding on 24 new offshore oil, gas blocks

GEORGETOWN, Guyana (AP) — Guyana on Friday opened bidding on 14 new offshore oil and gas blocks, hoping to capitalize on interest in lucrative fields that are expected to make the South American nation a major oil producer. Guyana is home to one of the largest oil discoveries in the last decade. In 2019, two […]
13 hours ago
FILE - TK Holdings Inc. headquarters in Auburn Hills, Mich., is pictured on June 25, 2017. U.S. saf...
Associated Press

US reports another Takata air bag death, bringing toll to 33

DETROIT (AP) — U.S. safety regulators and Honda Motor Co. are urging drivers once again to make sure their vehicles haven’t been recalled after another person was killed by an exploding Takata air bag. The National Highway Traffic Safety Administration said Friday that the person was killed in a crash involving a 2002 Honda Accord […]
13 hours ago
FILE - The Flint water plant tower is pictured on Jan. 6, 2022, in Flint, Mich. A judge dismissed c...
Associated Press

Flint water crisis charges dismissed against ex-Gov. Snyder

FLINT, Mich. (AP) — A judge dismissed criminal charges against former Michigan Gov. Rick Snyder in the Flint water crisis, months after the state Supreme Court said indictments returned by a one-person grand jury were invalid. Snyder, a Republican who left office in 2019, was charged with two misdemeanor counts of willful neglect of duty. […]
13 hours ago

Sponsored Articles

...
Quantum Fiber

Stream 4K and more with powerful, high-speed fiber internet

Picking which streaming services to subscribe to are difficult choices, and there is no room for internet that cannot handle increased demands.
...
Children’s Cancer Network

Children’s Cancer Network celebrates cancer-fighting superheroes, raises funds during September’s Childhood Cancer Awareness Month

Jace Hyduchak was like most other kids in his kindergarten class: He loved to play basketball, dress up like his favorite superheroes and jump as high as his pint-sized body would take him on his backyard trampoline.
...
Day & Night Air Conditioning, Heating and Plumbing

Ways to prevent clogged drains and what to do if you’re too late

While there are a variety of ways to prevent clogged drains, it's equally as important to know what to do when you're already too late.
How major US stock indexes fared Wednesday 9/28/2022