How major US stock indexes fared Tuesday 11/15/2022
Stocks are closing higher, boosted by more signs the nation’s high inflation may be falling off faster than expected. But a flare-up of worries about the war in Ukraine kept Wall Street shaky Tuesday and undercut much of its big morning gains.
The S&P 500 rose 0.9%. Earlier in the day, it saw a 1.8% gain disappear and swung briefly to a loss of 0.1%. Through the market’s swerves, technology stocks continued to lead Wall Street on hopes that the Federal Reserve may ease up on the pace of its interest rate hikes, which are meant to tame inflation by slowing the economy.
The S&P 500 rose 34.48 points, or 0.9%, to 3,991.73.
The Dow Jones Industrial Average rose 56.22 points, or 0.2%, to 33,592.92.
The Nasdaq rose 162.19 points, or 1.4%, to 11,358.41.
The Russell 2000 index of smaller companies rose 27.95 points, or 1.5%, to 1,889.20.
For the week:
The S&P 500 is down 1.20 points, or less than 0.1%.
The Dow is down 154.94 points, or 0.5%.
The Nasdaq is up 35.08 points, or 0.3%.
The Russell 2000 is up 6.46 points, or 0.3%.
For the year:
The S&P 500 is down 774.45 points, or 16.2%.
The Dow is down 2,745.38 points, or 7.6%.
The Nasdaq is down 4,286.56 points, or 27.4%.
The Russell 2000 is down 356.11 points, or 15.9%.
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