How Major US Stock Indexes Fared Thursday Sept. 29, 2022

bluebay/Shutterstock

Stocks are back to falling on Wall Street as worries about a possible recession and rising bond yields put the squeeze back on markets.

The S&P 500 fell 2.1 percent Thursday, reaching its lowest level since late 2020. The washout erased the index’s gains in a big rally the day before. The Dow Jones Industrial Average fell 1.5 percent and the Nasdaq lost 2.8 percent.

For markets to really turn higher, analysts say investors will need to see a break from the high inflation that’s swept the world. That hasn’t arrived yet, and even more data arrived Thursday showing the opposite.

On Thursday (Sept. 29):

• The S&P 500 fell 78.57 points, or 2.1 percent, to 3,640.47.
• The Dow Jones Industrial Average fell 458.13 points, or 1.5 percent, to 29,225.61.
• The Nasdaq fell 314.13 points, or 2.8 percent, to 10,737.51.
• The Russell 2000 index of smaller companies fell 40.31 points, or 2.4 percent, to 1,674.93.

For the week:

• The S&P 500 is down 52.76 points, or 1.4 percent.
• The Dow is down 364.80 points, or 1.2 percent.
• The Nasdaq is down 130.42 points, or 1.2 percent.
• The Russell 2000 is down 4.66 points, or 0.3 percent.

For the year:

• The S&P 500 is down 1,125.71 points, or 23.6 percent.
• The Dow is down 7,112.69 points, or 19.6 percent.
• The Nasdaq is down 4,907.46 points, or 31.4 percent.
• The Russell 2000 is down 570.38 points, or 25.4 percent.

The Epoch Times Copyright © 2022 The views and opinions expressed are those of the authors. They are meant for general informational purposes only and should not be construed or interpreted as a recommendation or solicitation. The Epoch Times does not provide investment, tax, legal, financial planning, estate planning, or any other personal finance advice. The Epoch Times holds no liability for the accuracy or timeliness of the information provided.