Nasdaq loses more than 1% on Thursday, sliding deeper into correction territory
The Nasdaq Composite dropped deeper into correction territory on Thursday as Meta became the latest tech company to offer a forecast that didn’t quite live up to investors’ expectations.
The tech-heavy index lost 1.6%, dropping below its 200-day moving average for the first time since March. The S&P 500 dipped 1% while the Dow Jones Industrial Average slipped 195 points, or 0.5%. With Thursday’s loss, the S&P 500 is now off by more than 10% from its July intraday high.
Instacart shares start trading on Nasdaq at $42, valuing grocery delivery company at about $14 billion
Instacart shares popped 40% in their Nasdaq debut on Tuesday, opening at $42, after the grocery-delivery company's long-awaited IPO. The offering late Monday at $30 a share valued Instacart at about $10 billion on a fully diluted basis, down from a private market valuation of $39 billion at the height of the Covid pandemic in early 2021. The opening price lifted its valuation to about $14 billion. Instacart is the first notable venture-backed company in the U.S. to go public since December 2021, and its performance is being closely tracked...
Nasdaq Inc. stock falls Tuesday, underperforms market
Shares of Nasdaq Inc. NDAQ, shed 1.91% to $54.40 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX, falling 1.12% to 4,145.58 and Dow Jones Industrial Average DJIA, falling 0.69% to 33,055.51. Nasdaq Inc. closed $14.82 below its 52-week high ($69.22), which the company reached on December 2nd. The stock underperformed when compared to some of its competitors Tuesday, as CME Group Inc. Cl A CME, fell 1.57% to $179.08 and Intercontinental Exchange Inc. ICE, fell 1.18% to...
Stocks fall to end Wall Street’s worst year since 2008, S&P 500 finishes 2022 down nearly 20%
Stocks slipped on Friday to end a brutal 2022 with a whimper, as Wall Street wrapped up its worst year since 2008 on a sour note.
The Dow Jones Industrial Average slid 73.55 points, or 0.22%, to close at 33,147.25. The S&P 500 shed 0.25% to end at 3,839.50. The Nasdaq Composite ticked down 0.11% to 10,466.88.
S&P 500 wraps worst year since 2008
The three major U.S. stock indices are targeting their worst annual performance since 2008, with the S&P 500 skidding over 20% in 2022.
Stocks fell on Friday as growth shares dipped in the final trading session of a year marked by aggressive interest rate hikes to curb inflation, recession fears, the Russia-Ukraine war and rising concerns over COVID-19 cases in China.
Goodbye 2022 – and good riddance. Markets close out their worst year since 2008
Wall Street has said goodbye — and good riddance — to 2022, a year most investors would rather forget.
All three major averages were down on Friday, clocking their worst year since 2008 and ended a three-year winning streak.
The Dow fell 73 points, or 0.2% Friday, the last trading day of the year. In 2022, the Dow fell about 9%.
The S&P 500 was 0.3% lower Friday, leaving it down about 20% for the year.
The Nasdaq Composite Index was down 0.1% Friday, close to its lowest level since July 2020. The tech-heavy index has been battered this year, falling 33%.
Stocks have officially entered bear market territory—here’s what that means and what you should do
The months-long slide for the S&P 500 index has officially thrown stocks far enough off of their all-time highs to be considered a bear market.
Since the beginning of 2022, the S&P 500 index is down nearly 21% as of Monday afternoon, with companies like Amazon and Google parent Alphabet leading the way with their 39% and 27% respective drops. Elon Musk’s Tesla has also lost 45% of its market value since January — shaving more than $500 billion off of its market cap.
What Happens When Stock Markets Become Bears
The S&P 500 on Monday dropped into its second bear market of the pandemic, crossing a symbolic and worrisome threshold as stocks plunge following a meteoric rise over the last two years.
S&P 500 enters 'bear market' — here's what that means
The S&P 500 has fallen into a bear market, an indicator that investors are worried about the economy’s future as interest rates rise.
A bear market is a term used to describe an index dropping by at least 20% from a recent high. The S&P 500, which is a basket containing 500 of the biggest U.S. companies, was down 21.3% after open on Monday from its most recent high at the beginning of the year.