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

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...

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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%.

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

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