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How major U.S. stock indices fared on Friday 8/05/2022


Stocks closed mostly lower on Friday after new data from the booming U.S. jobs market suggested the Fed won’t rein in its aggressive rate hikes anytime soon.

The S&P 500 and Nasdaq fell, while the Dow Jones Industrialists posted a slight gain.

Employers unexpectedly ramped up hiring last month and added hundreds of thousands more jobs than expected. While the data suggests the economy may not be in recession, it also undermines investors’ hopes that inflation is about to peak. Treasury yields jumped.

The S&P 500 fell 6.75 points, or 0.2%, to 4,145.19.

The Dow Jones Industrial Average rose 76.65 points, or 0.2%, to 32,803.47.

The Nasdaq fell 63.03 points, or 0.5%, to 12,657.55.

The Russell 2000 Small Business Index rose 15.37 points, or 0.8%, to 1,921.82.

The S&P 500 is up 14.90 points, or 0.4%.

The Dow Jones Industrial Average is down 41.66 points, or 0.1%.

The Nasdaq is up 266.87 points, or 2.2%.

The Russell 2000 Small Business Index is up 36.59 points, or 1.9%.

The S&P 500 is down 620.99 points, or 13%.

The Dow is down 3,534.83 points, or 9.7%.

The Nasdaq is down 2,987.42 points, or 19.1%.

The Russell 2000 is down 323.49 points, or 14.4%.