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US stock market closes down on Friday: The Dow Jones index fell 2.73%

11 June 2022
2535
2 min.
26
US stock market closes down on Friday: The Dow Jones index fell 2.73%

Last trading day of the week

US indices fell sharply on Friday, posting their biggest weekly percentage decline since January, as a rise in US consumer prices in May heightened investor fears of an aggressive interest rate hike by the Federal Reserve.

At the close on the New York Stock Exchange, the Dow Jones was down 2.73%, the S&P 500 was down 2.91% and the Nasdaq Composite was down 3.52%.

At the end of Friday trading, the leaders in the Dow Jones index were: Walmart (NYSE: WMT) +0.56%, Verizon Communications (NYSE: VZ) -0.24%, Procter and Gamble (NYSE: PG) -0.38%.

S&P 500 Index

By Friday trading results, shares of such companies in the S&P 500 Index rose: Cardinal Health (NYSE: CAH) +2.12%, The Hershey Company (NYSE: HSY) +1.86%, Newmont (NYSE: NEM) +3.52%.

Shares of such companies closed down: Caesars Entertainment (NASDAQ: CZR) -9.29%, Campbell Soup Company (NYSE: CPB) -0.15%, CF Industries (NYSE: CF) -1. 32%, Charles River Laboratories International (NYSE: CRL) -2.75%, Church and Dwight (NYSE: CHD) -0.093%, Cincinnati Financial (NASDAQ: CINF) -2.85%, Corning Inc. (NYSE: GLW) -2.86%, Dentsply Sirona (NASDAQ: XRAY) -2.25%.

NASDAQ Index

At the end of Friday's trading, shares of such companies in the Nasdaq index rose: Singing Machine Company (NASDAQ: MICS) +60.38%, Cogent Biosciences (NASDAQ: COGT) +58.67%.

However, shares of such companies in the Nasdaq index fell: Amalgamated Bank (NASDAQ: AMAL) -2.99%, Avidity Biosciences (NASDAQ: RNA) -7.30%, iTeos Therapeutics (NASDAQ: ITOS) -5. 48%, CRA International (NASDAQ: CRAI) -2.00%, Anavex Life Sciences (NASDAQ: AVXL) -5.15%, The Hackett Group (NASDAQ: HCKT) -1.45%, AnaptysBio (NASDAQ: ANAB) -3.17%, Johnson Outdoors (NASDAQ: JOUT) -4.11%.

It is worth noting that on NYSE, the number of securities that went down (2,676) exceeded the number that closed on the plus side (513), while the price of 89 stocks remained practically unchanged. On Nasdaq, the securities of 3,052 companies fell in price, 785 rose, and 165 remained at the previous closing level.

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