NewsNational News

Actions

Rundown: How the week ended for investors and the economy

Also, a look at the stock market's performance this year.
Off The Charts-2Q Earnings Preview
Posted at 6:30 PM, Dec 09, 2022
and last updated 2022-12-09 19:30:57-05

Wall Street trading closed lower than expected by the end of the week after a report showed inflation is slowing. It wasn't slowing as much as investors had hoped.

The weakness in the market came after the U.S. government released a report showing how prices at the wholesale level were 7.4% higher in November than a year earlier.

It's a slowdown compared to October, but worse than economists expected.

High inflation, along with the Federal Reserve's economy-crunching response to it, have been the main reasons for the stock market's painful tumble this year.

By Friday:

  • The S&P 500 fell 0.7% Friday, marking its first losing week in the last three.
  • The Dow Jones Industrial Average fell 305.02 points, or 0.9%, to 33,476.46.
  • The Nasdaq fell 77.39 points, or 0.7%, to 11,004.62.
  • The Russell 2000 index of smaller companies fell 21.63 points, or 1.2%, to 1,796.66.

Overall this week:

  • The S&P 500 was down 137.32 points, or 3.4%.
  • The Dow was down 953.42 points, or 2.8%.
  • The Nasdaq was down 456.88 points, or 4%.
  • The Russell 2000 was down 96.18 points, or 5.1%.

Overall this year:

  • The S&P 500 was down 831.80 points, or 17.5%.
  • The Dow was down 2,861.84 points, or 7.9%.
  • The Nasdaq was down 4,640.35 points, or 29.7%.
  • The Russell 2000 was down 448.65 points, or 20%.