Forex News May 07, 2022

 

Indexes

The S&P 500 and NASDAQ finish lower for the fifth week in a row. Following earlier gains, US stocks had a bad week.

A week ago today, the NASDAQ index was down more than 13% for the month of April.

The market rallied on Monday, Tuesday, and Wednesday, kicking off the month of May on a high note.

 However yesterday’s sharp declines, and follow through selling today push the major indices lower on week. In other words, the markets snatched victory from the jaws of defeat. The final figures are as follows:

Dow industrial average -98.6 points or -0.3 percent at 32899.38.

Last Friday, the index closed at 32977. This week, the index fell -0.23 percent.

S&P index -23.51 points or -0.57 percent at 4123.35. The index closed at 4131.92 last Friday.

The S&P 500 and NASDAQ finish lower for the fifth week in a row. Following earlier gains, US stocks had a bad week.

 

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