The US stock market closed lower on Friday: Key indices down

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The US stock market closed lower on Friday: Key indices down

07.05.2022 7 May 2022
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The US stock market closed lower on Friday: Key indices down

Stock market before the weekend

The US stock market ended Friday's trading lower on the back of negative momentum from the consumer services, commodities and technology sectors.

The Dow Jones was down 0.30 per cent at the close on the New York Stock Exchange, the S&P 500 was down 0.57 per cent and the Nasdaq Composite was down 1.40 per cent.

Shares of such companies closed on the upside yesterday: Chevron (NYSE: CVX) +2.66%, Procter and Gamble (NYSE: PG) +1.00%, NRG Energy (NYSE: NRG) +9.79%, Sidus Space (NASDAQ: SIDU) +51.78%, Vinco Ventures (NASDAQ: BBIG) +28.02%, Employers Holdings (NYSE: EIG) +0. 38%, Dril-Quip (NYSE: DRQ) +0.78%, BrightSpire Capital (NYSE: BRSP) +0.12%, Summit Hotel Properties (NYSE: INN) +2.30%, Kaman (NYSE: KAMN) +1.07%, Origin Materials (NASDAQ: ORGN) +0.16%, BellRing Brands (NYSE: BRBR) +17.07%, Cerus (NASDAQ: CERS) +10.00%.

Also, shares of such companies fell yesterday: Nike (NYSE: NKE) -3.39%, American Express (NYSE: AXP) -2.26%, Walmart (NYSE: WMT) -2.08%, Digital Brands Group (NASDAQ: DBGI) -54. 73%, The Joint (NASDAQ: JYNT) -37.89%, Netstreit (NYSE: NTST) -1.28%, Malibu Boats (NASDAQ: MBUU) -0.23%, Coeur Mining (NYSE: CDE) -0.26%, Utz Brands (NYSE: UTZ) -0.89%, Cutera (NASDAQ: CUTR) -1.42%.

Also, on the NYSE, the number of securities that declined (2,196) exceeded the number that closed on the plus side (989), while the price of 117 stocks was virtually unchanged. On NASDAQ, 2,892 companies fell, 904 rose and 214 remained flat at the previous close.

The CBOE Volatility Index, which is based on options trading on the S&P 500, fell 3.24% to 30.19.

Tags:

Section: business

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