Markets Finish Lower Following Wednesday's Intense Sell-Off
U.S. indices finished Thursday's trading session lower. Worse-than-expected retail earnings and anticipation of further Federal Reserve policy tightening in 2022 have continued to weigh on stocks across sectors.
- The Nasdaq composite finished lower by 0.26% to 11,388; The Invesco QQQ Trust Series 1 (NASDAQ: QQQ) lost 0.53% to $289.61
- The S&P 500 traded lower by 0.59% to 3,900; The SPDR S&P 500 ETF Trust (NASDAQ: SPY) lost 0.61% to $389.46
- The Dow Jones finished lower by 0.75% to 31,253.13; The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ: DIA) finished lower by 0.75% at $313.18
Here are the day's winners and losers from the S&P 500, according to data from Benzinga Pro.
Synopsys, Inc. (NASDAQ: SNPS), MarketAxess Holdings Inc. (NASDAQ: MKTX) and Enphase Energy Inc (NASDAQ: ENPH) were among the top gainers.
Under Armour Inc (NYSE: UA) (NYSE: UAA), Cisco Systems Inc (NASDAQ: CSCO) and Philip Morris International Inc. (NYSE: PM) were among the top losers.
Elsewhere On The Street
Genius Brands International Inc (NASDAQ: GNUS) announced on Wednesday that it signed a 20-year deal to license the name and likeness of Stan Lee to Marvel Studios for future films and TV productions, as well as in Walt Disney Co (NYSE: DIS) theme parks and experiences across the globe… Read More
Target Corp (NYSE: TGT) reported worse-than-expected earnings results on Wednesday, which led several analysts to lower price targets on the stock… Read More
Abbott Laboratories (NYSE: ABT) and the FDA are reportedly on track to reopen the company's Sturgis, Michigan, baby formula manufacturing plant within one or two weeks, FDA Commissioner Robert Califf said… Read More
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