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 This material may not be published, broadcast, rewritten or redistributed.

AP

A crime scene is taped off at New Season Church in Nashville, Tenn., on Saturday, Nov. 26, 2022. Me...
Associated Press

Drive-by shooting injures 2 at funeral at Nashville church

NASHVILLE, Tenn. (AP) — A drive-by shooting in Nashville on Saturday injured two people as they and others were walking out of church from the funeral of a woman who was fatally shot earlier this month, according to police. Metro Nashville Police Department spokesperson Don Aaron said the afternoon shooting occurred outside New Season Church, […]
18 hours ago
FILE - Zion National Park near Springdale, Utah, is pictured on Sept. 15, 2015. A woman died and a ...
Associated Press

Woman dies on hike in Utah’s Zion Park, husband rescued

A woman died and a man was rescued after they were caught in extreme cold weather while hiking in Utah's Zion National Park.
18 hours ago
FILE - Nick Fuentes, far-right activist, holds a rally at the Lansing Capitol, in Lansing, Mich., N...
Associated Press

Trump faulted for dinner with white nationalist, rapper Ye

NEW YORK (AP) — Former President Donald Trump is renewing attention to his long history of turning a blind eye to bigotry after dining with a Holocaust-denying white nationalist and the rapper formerly known as Kanye West just days into his third campaign for the White House. Trump had dinner Tuesday at his Mar-a-Lago club […]
18 hours ago
Associated Press

12-year-old dies in Russian Roulette; murder charges brought

A 12-year-old boy is dead after playing Russian Roulette with peers in Jackson, Mississippi, police say. Jackson’s Deputy Police Chief Deric Hearn identified the boy as Markell Noah, according to reports by Mississippi-based WLBT-TV. Following the death officers arrested two juveniles and one adult Friday. Police say the two juveniles are being charged with murder […]
18 hours ago
President Joe Biden visits a shop in Nantucket, Mass., Saturday, Nov. 26, 2022. (AP Photo/Susan Wal...
Associated Press

Biden, family hit Nantucket stores for some holiday shopping

NANTUCKET, Mass. (AP) — President Joe Biden went holiday shopping on the Massachusetts resort island where he spends Thanksgiving, patronizing smaller independently owned stores on what the retail industry has called “Small Business Saturday.” Biden, his wife, Jill, and daughter Ashley went from store to store on Main Street in downtown Nantucket, lingering at Polo […]
18 hours ago
Associated Press

Rugby star and ALS campaigner Doddie Weir dies at 52

EDINBURGH, Scotland (AP) — Doddie Weir, a former Scotland rugby player whose diagnosis with Lou Gehrig’s disease led to a widely praised campaign for more research into ALS, has died at the age of 52. The Scottish Rugby Union (SRU) announced Weir’s death on Saturday. The lock played 61 times for Scotland and was famed […]
18 hours ago

Sponsored Articles

(Desert Institute for Spine Care photo)...
DESERT INSTITUTE FOR SPINE CARE

Why DISC is world renowned for back and neck pain treatments

Fifty percent of Americans and 90% of people at least 50 years old have some level of degenerative disc disease.
(Photo via MLB's Arizona Fall League / Twitter)...
Arizona Fall League

Top prospects to watch at this year’s Arizona Fall League

One of the most exciting elements of the MLB offseason is the Arizona Fall League, which began its 30th season Monday.
...
Day & Night Air Conditioning, Heating and Plumbing

Here are 4 signs the HVAC unit needs to be replaced

Pool renovations and kitchen upgrades may seem enticing, but at the forefront of these investments arguably should be what residents use the most. In a state where summertime is sweltering, access to a functioning HVAC unit can be critical.
How major US stock indexes fared Wednesday 11/16/2022