How major US stock indexes fared Tuesday 8/30/2022

Stocks fell again on Wall Street, posting their third loss in a row as traders worry that high interest rates are here to stay for a while.

The S&P 500 fell 1.1% Tuesday, bringing its loss in the past three days to 5.1%. The Dow Jones Industrial Average and the Nasdaq also fell. Energy companies fell along with sliding crude oil prices. Technology stocks and industrial companies were also weak.

Best Buy was a bright spot, gaining ground after reporting results for its latest quarter that were much better than analysts were expecting. The yield on the 10-year Treasury held steady.

On Monday:

The S&P 500 fell 44.45 points, or 1.1%, to 3,986.16.

The Dow Jones Industrial Average fell 308.12 points, or 1%, to 31,790.87.

The Nasdaq fell 134.53 points, or 1.1%, to 11,883.14.

The Russell 2000 index of smaller companies fell 27.35 points, or 1.5%, to 1,855.59.

For the week:

The S&P 500 is down 71.50 points, or 1.8%.

The Dow is down 492.53 points, or 1.5%.

The Nasdaq is down 258.57 points, or 2.1%.

The Russell 2000 is down 44.24 points, or 2.3%.

For the year:

The S&P 500 is down 780.02 points, or 16.4%.

The Dow is down 4,547.43 points, or 12.5%.

The Nasdaq is down 3,761.83 points, or 24%.

The Russell 2000 is down 389.72 points, or 17.4%.

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