Wall Street Ticks Lower Again

World banks raise rates after the Federal Reserve's move
By Newser Editors and Wire Services
Posted Sep 22, 2022 3:40 PM CDT
Wall Street Ticks Lower Again
A man walks past the New York Stock Exchange, Wednesday, Sept. 21, 2022, in New York.   (AP Photo/Peter Morgan)

Stocks closed lower Thursday on Wall Street, deepening their losses for the week, as central banks around the world raised interest rates to fight inflation, per the AP.

  • The S&P 500 fell 31 points to 3,757, a loss of 0.3%.
  • The Dow fell 107 points to 30,076, down 0.8%.
  • The Nasdaq fell 153 points to 11,066, down 1.3%.

The losses were broad and led by retailers, banks, and industrial companies. Starbucks fell 3.9%, American Express dropped 3%, and UPS slid 2.9%. Health care stocks were among the few bright spots. Johnson & Johnson rose 2.2%. Smaller company stocks fell more than the broader market in a sign that investors were worried about the economy. The Russell 2000 fell 1.9%. The declines came as central banks around the world hiked interest rates to fight inflation, catching up with the Federal Reserve's move.

(Read more stock market stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.