How major US stock indexes fared Thursday 10/27/2022

The Associated Press

Stocks ended mixed on Wall Street as weakness in several tech companies offset gains in other parts of the market.

Facebook’s parent company, Meta Platforms, lost another one-fourth of its value after reporting a second straight quarter of revenue decline amid falling advertising sales and stiff competition from TikTok. That followed weak reports from Google’s parent company, Alphabet, and Microsoft.

The S&P 500 fell 0.6% and the Dow rose 0.6%. Meta’s slump pulled the Nasdaq down 1.6%. Markets got some encouraging economic news as the government reported the U.S. economy returned to growth last quarter, expanding 2.6%. Treasury yields fell.

On Thursday:

The S&P 500 fell 23.30 points, or 0.6%, to 3,807.30.

The Dow Jones Industrial Average rose 194.17 points, or 0.6%, to 32,033.28.

The Nasdaq fell 178.32 points, or 1.6%, to 10,792.67.

The Russell 2000 index of smaller companies rose 1.99 points, or 0.1%, to 1,806.32.

For the week:

The S&P 500 is up 54.55 points, or 1.5%.

The Dow is up 950.72 points, or 3.1%.

The Nasdaq is up 67.04 points, or 0.6%.

The Russell 2000 is up 64.08 points, or 3.7%.

For the year:

The S&P 500 is down 958.88 points, or 20.1%.

The Dow is down 4,305.02 points, or 11.8%.

The Nasdaq is down 4,852.30 points, or 31%.

The Russell 2000 is down 438.99 points, or 19.6%.

___

This item has been updated to correct the section introduction to read “For the week” instead of “For the year.”