The Labor Department released their August data showing that the U.S. economy added 315,000 jobs. Despite the positive jobs report, the major benchmark indexes continued their decline on Friday. The S&P 500 shed 1.1% to 3924.26, was down 3.3% for the week and has lost 8.3% over the last three weeks. The Dow Jones Industrial Average went down 1.1% to 31318.44 on Friday and was down 3% for the week. The Nasdaq Composite dropped 1.3% to close at 11630.86 and 4.2% for the week. E
U.S. stocks finished higher on Friday with both the Nasdaq Composite and the S&P 500 closing with gains for their fourth week in a row. Investors were encouraged this week after reports on Wednesday noted that inflation rates dropped from 9.1% June to 8.5% in July. The S&P 500 went up 1.73% to close at 4280.15 on Friday and was up over 3.0% for the week. The Dow Jones Industrial Average climbed 1.27% to close at 33761.05 and was up 2.9% for the week. The Nasdaq Composite tick
The major U.S. stock indexes finished the week with losses, continuing a several weeks losing streak. The potential of the recession looms in investors minds, contributing this prolonged stock selloff. The Dow Jones Industrial Average closed slightly higher on Friday notching up 0.03% to close at 31261.90 but was down for the eighth week in a row. The S&P 500 ticked up 0.01% to close at 3901.36 on Friday and was down overall for the seventh week in a row. Finally the Nasdaq C
Wednesday saw a sharp decline for the major U.S. stock indexes, with the Dow Jones Industrial Average and the S&P 500 reporting their largest percentage declines since June 2020. Earnings reports from retailers such as Walmart and Target contributed to investors concerns about inflation as well as a possible recession. The SP 500 went down by 4.04% to close at 3923.68. The Dow Jones Industrial Average fell 3.57% to close at 31490.07 and the Nasdaq Composite dropped 4.73% to c
The major U.S. stock indexes continued to fall on Monday, finishing the day at their lowest levels thus far in 2022. Concerns about inflation and changes to monetary policy by the Federal reserve are still at the forefront of investors’ minds, contributing to the uncertainty of the markets. The SP 500 went down by 3.20% to close at 3991.24. The Dow Jones Industrial Average dropped 1.99% to close at 32245.70 and the tech-heavy Nasdaq Composite fell 4.29% to close at 11623.25.