US stock market closes lower: The Dow Jones down 1.05%

4 June 2022 04.06.2022
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US stock market closes lower: The Dow Jones down 1.05%

Last day of trading

Three major Wall Street stock indexes closed lower on Friday after a jobs report dashed hopes of a pause in monetary policy tightening by the Federal Reserve, which is needed to curb inflation, the highest in decades.

At the close on the New York Stock Exchange the Dow Jones was down 1.05%, the S&P 500 was down 1.63% and the Nasdaq Composite was down 2.47%.

Shares of such companies rose in yesterday's trading: Caterpillar (NYSE: CAT) +1.32%, Chevron (NYSE: CVX) +0.91%, Profrac Holding (NASDAQ: PFHC) +5.95%, National Energy Services Reunited (NASDAQ: NESR) +2.48%, SilverBow Resources (NYSE: SBOW) +1. 32%, National Western Life (NASDAQ: NWLI) +0.64%, Napco Security Technologies (NASDAQ: NSSC) +0.50%, Deciphera Pharmaceuticals (NASDAQ: DCPH) +1.08%, Alector Inc. (NASDAQ: ALEC) 3.21%, PMV Pharmaceuticals (NASDAQ: PMVP) +2.14%, Dorian LPG (NYSE: LPG) +2.21%.

However, shares of such companies fell in yesterday's trading: SP Plus Corporation (NASDAQ: SP) -1.66%, Kelly Services (NASDAQ: KELYA) -1. 95%, Community Trust Bancorp (NASDAQ: CTBI) -1.32%, Apple (NASDAQ: AAPL) -3.86%, Tesla (NASDAQ: TSLA) -9.22%, Etsy Inc. (NASDAQ: ETSY) -7.23%, Artivion Inc. (NYSE: AORT) -4.98%, Evolus Inc. (NASDAQ: EOLS) -4.90%.

Also, on NYSE, the number of securities that went down (2,274) exceeded the number that closed on the plus side (891), while 103 stocks remained almost unchanged. On the Nasdaq, 2,341 stocks were down, 1,456 were up and 235 were flat at the previous close.

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