Stocks closed lower on Wall Street, led by more declines in big technology companies and putting the S&P 500 in the red for the week.
The benchmark index was weighed down by losses in Apple, Amazon and other tech heavyweights. Investors are still keeping a close eye on signs of inflation, which would especially hurt tech sector stocks whose values have soared in recent years. AMC went on another wild ride after executing a big stock sale, closing down 18% after being down even more during the day.
On Thursday:
The S&P 500 fell 15.27 points, or 0.4%, to 4,192.85.
The Dow Jones Industrial Average fell 23.34 points, or 0.1%, to 34,577.04.
The Nasdaq fell 141.82 points, or 1%, to 13,614.51.
The Russell 2000 index of smaller companies fell 18.59 points, or 0.8%, to 2,279.25.
For the week:
The S&P 500 is down 11.26 points, or 0.3%.
The Dow is up 47.59 points, or 0.1%.
The Nasdaq is down 134.23 points, or 1%.
The Russell 2000 is up 10.28 points, or 0.5%.
For the year:
The S&P 500 is up 436.78 points, or 11.6%.
The Dow is up 3,970.56 points, or 13%.
The Nasdaq is up 726.23 points, or 5.6%.
The Russell 2000 is up 304.39 points, or 15.4%.
Before you consider HCSB Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and HCSB Financial wasn't on the list.
While HCSB Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
