How major US stock indexes fared Wednesday 9/7/2022
Stocks ended broadly better on Wall Street, putting the market on pace for breaking a 3-week losing streak.
The S&P 500 rose 1.8% on Wednesday, while the tech-heavy Nasdaq gained even more. Stocks of small-company stocks outperformed the rest. After a busy summer travel season, United raised its revenue forecast for airlines. Oil prices fell, and energy stocks also fell.
Investors will be keeping an eye on the Federal Reserve’s efforts to combat inflation with high interest rates. In remarks delivered Wednesday, two week before the Fed’s next policy session, Vice Chair Lael brainard reiterated the bank’s determination to tackle inflation.
The S&P 500 rose 71. 68 points, or 1.8%, to 3,979.87.
The Dow Jones Industrial Average rose 435. 98 points, or 1.4%, to 31,581.28.
The Nasdaq rose 246. 99 points, or 2.1%, to 11,791.90.
The Russell 2000 index of smaller companies rose 39. 68 points, or 2.2%, to 1,832.
For the week:
The S&P 500 is up 55. 61 points, or 1.4%.
The Dow is up 262. 84 points, or 0.8%.
The Nasdaq is up 161. 03 points, or 1.4%.
The Russell 2000 is up 22. 26 points, or 1.2%.
For the year:
The S&P 500 has fallen 786. 31 points, or 16.5%.
The Dow is down 4,757. 02 points, or 13.1%.
The Nasdaq has 3 ,853. fewer points. 07 points, or 24.6%.
The Russell 2000 is down 413. 31 points, or 18.4%.
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