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The US stock market closed lower on Thursday: The Dow Jones down 3.12%

6 May 2022
1 min.
The US stock market closed lower on Thursday: The Dow Jones down 3.12%

Stock market on Thursday

The US Dow Jones Industrial Average suffered its worst fall since early 2022 by the close of trading on Thursday.

The Dow Jones lost 1,063.09 points (3.12%) in the trading session, falling to 32,997.97 points, as the New York Stock Exchange data showed, amid a 0.5-point increase in the benchmark interest rate by the US Federal Reserve (Fed).

The S&P 500 index fell 153.30 points (3.56%) to 4,146.87 points. The Nasdaq electronic exchange index fell 647.16 points (4.99%) to 12,317.69, its biggest percentage drop since June 2020.

According to experts, the Fed's policy is provoking serious volatility in the market, which will continue until inflation declines.

Shares of such companies rose in yesterday's trading: Albemarle (NYSE: ALB) +9.76%, Cyngn (NASDAQ: CYN) +17.98%, Hudson Technologies (NASDAQ: HDSN) +26.89%, EPAM Systems (NYSE: EPAM) +10.68%, GreenLight Biosciences (NASDAQ: GRNA) +1.58%, Steel Partners (NYSE: SPLP) +0.24%.

Shares of such companies fell: Chevron (NYSE: CVX) -0.79%, Coca-Cola (NYSE: KO) -0.80%, Salesforce (NYSE: CRM) -7.11%, Nike (NYSE: NKE) -5. 89%, Extreme Networks (NASDAQ: EXTR) -3.20%, Stratasys (NASDAQ: SSYS) -5.90%, Addus HomeCare (NASDAQ: ADUS) -5.66%, Radius Global Infrastructure (NASDAQ: RADI) -3.47%.

Also, on the NYSE, the number of securities that declined (2,853) exceeded the number that closed on the plus side (354), while 97 stocks were almost flat. On Nasdaq, 3,174 companies fell, 607 rose and 221 remained flat at the previous close.

The CBOE Volatility Index, which is derived from options trading on the S&P 500, rose 22.74% to 31.20.

Companies17 in the news

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Rating companies
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Dow Jones
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