How major US stock indexes fared Wednesday 11/16/2022

Nov 16, 2022, 2:20 PM | Updated: 2:32 pm

Wall Street closed lower as hefty drops in retailers and technology companies offset gains elsewhere in the market.

The S&P 500 lost 0.8% Wednesday. The Nasdaq fell 1.5%, and small-company stocks fell even more. The Dow Jones Industrial Average closed slightly lower.

Target fell sharply after delivering a dismal financial report. Target also cut its forecasts for the holiday season and said its sales slowed sharply in recent weeks. The government reported that retail sales rose overall last month, but it’s unclear how much of that strength is due to increased purchases versus higher prices.

On Wednesday:

The S&P 500 fell 32.94 points, or 0.8%, to 3,958.79.

The Dow Jones Industrial Average fell 39.09 points, or 0.1%, to 33,553.83.

The Nasdaq fell 174.75 points, or 1.5%, to 11,183.66.

The Russell 2000 index of smaller companies fell 36.04 points, or 1.9%, to 1,853.17.

For the week:

The S&P 500 is down 34.14 points, or 0.9%.

The Dow is down 194.03 points, or 0.6%.

The Nasdaq is down 139.67 points, or 1.2%.

The Russell 2000 is down 29.57 points, or 1.6%.

For the year:

The S&P 500 is down 807.39 points, or 16.9%.

The Dow is down 2,784.47 points, or 7.7%.

The Nasdaq is down 4,461.31 points, or 28.5%.

The Russell 2000 is down 392.15 points, or 17.5%.

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 This material may not be published, broadcast, rewritten or redistributed.


The U.S. Supreme Court is seen, Thursday, Feb. 8, 2024, in Washington. The U.S. Supreme Court has h...

Associated Press

Supreme Court decision on Trump’s election status could come Monday morning

A SCOTUS decision could come Monday in the case about whether Trump can be kicked off the ballot over his efforts to undo his 2020 defeat.

1 day ago

Republican presidential candidate former UN Ambassador Nikki Haley poses for a selfie after speakin...

Associated Press

Nikki Haley wins D.C. Republican primary, her first 2024 victory

Nikki Haley has won the Republican primary in the District of Columbia, notching her first victory of the 2024 campaign.

1 day ago

An Apache group that has fought to protect land it considers sacred from a copper mining project in...

Associated Press

A US appeals court ruling could allow mine development in central Arizona on land sacred to Apaches

An Apache group that has fought to protect land from a copper mining project in central Arizona suffered a significant blow.

2 days ago

On Friday, March 1, 2024, the U.S. Food and Drug Administration said yogurt sold in the U.S. can ma...

Associated Press

Eating yogurt may reduce risk of type 2 diabetes, FDA says

Eating at least two cups of yogurt a week might reduce the risk of type 2 diabetes, the U.S. Food and Drug Administration said.

2 days ago

Arizona will not approve new housing construction on the fast-growing edges of metro Phoenix that r...

Associated Press

Arizona Senate passes plan to manage rural groundwater, but final success is uncertain

A plan to manage rural groundwater passed the Arizona Senate amid concerns about the availability of sufficient water for future generations.

4 days ago

A woman pauses while shopping at a Kohl's store in Clifton, N.J., Jan. 26, 2024. On Thursday, Feb. ...

Associated Press

Federal Reserve’s preferred inflation gauge picked up last month in sign of still-elevated prices

An inflation gauge favored by the Federal Reserve increased in January, the latest sign that the slowdown in U.S. consumer price increases is occurring unevenly from month to month.

4 days ago

Sponsored Articles


Day & Night Air Conditioning, Heating and Plumbing

Day & Night is looking for the oldest AC in the Valley

Does your air conditioner make weird noises or a burning smell when it starts? If so, you may be due for an AC unit replacement.


Fiesta Bowl Foundation

The 51st annual Vrbo Fiesta Bowl Parade is excitingly upon us

The 51st annual Vrbo Fiesta Bowl Parade presented by Lerner & Rowe is upon us! The attraction honors Arizona and the history of the game.


Canvas Annuity

Interest rates may have peaked. Should you buy a CD, high-yield savings account, or a fixed annuity?

Interest rates are the highest they’ve been in decades, and it looks like the Fed has paused hikes. This may be the best time to lock in rates for long-term, low-risk financial products like fixed annuities.

How major US stock indexes fared Wednesday 11/16/2022