How major US stock indexes fared Friday 12/23/2022
Stocks closed higher on Wall Street after a series of mixed economic news.
The S&P 500 climbed 0.6% on Friday. The benchmark index suffered its third consecutive weekly loss.
While inflation has slowed, it is still much higher than anyone would like to see. The growth in consumer spending fell more than expected last month, but incomes were slightly higher than expected. The market is in a difficult spot. While solid economic data reduces the chance of a recession, it also raises the threat that the Federal Reserve will raise interest rates.
The S&P 500 rose 22. 43 points, or 0.6%, to 3,844.82.
The Dow Jones Industrial Average rose 176. 44 points, or 0.5%, to 33,203.93.
The Nasdaq rose 21. 74 points, or 0.2%, to 10,497.86.
The Russell 2000 index for smaller companies rose 6. 85 points, or 0.4%, to 1,760.93.
For the week:
The S&P 500 has a decrease of 7. 54 points, or 0.2%.
The Dow is up 283. 47 points, or 0.9%.
The Nasdaq is down 207. 55 points, or 1.9%.
The Russell 2000 is at 2. 49 points, or 0.1%.
For this year:
The S&P 500 has fallen 921. 36 points, or 19.3%.
The Dow is down 3,134. 37 points, or 8.6%.
The Nasdaq is down 5,147. 11 points, or 32.9%.
The Russell 2000 has been down 484. 38 points, or 21.6%.
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