The major indices gave up solid gains on the day and are closing at the lows for the second consecutive day. The NASDAQ index and Russell 2000 were the worst performers as investors rushed for the exits..

• The Dow industrial average gave up a 462 point gain and is closing down -313 points.
• The S&P index was up 69.63 points or +1.54% at the highs. It is closing down -50 points
• NASDAQ index was up 301 points at the highs. It is closing down 186 points
• Russell 2000 was up 42 points at the highs. It is closing down -38 points
• Netflix after close announced higher EPS and revenues in line with expectations but subscriber base was lower and announced lower revenues /earnings going forward. The stock is down over 10% after the close.

It was an ugly finish for US stocks as heavy selling hit in the final half hour of trade to extend the decline in the S&P 500 to 1%.

• S&P 500 -45 points to 4532
• Nasdaq Comp -1.1% (now down 10.7% from the Nov 19 high)
• Russell 2000 -1.2%
• DJIA -1.0%

The S&P 500 closed right at the December 20 low:

The major US stock indices are closing sharply lower led by the NASDAQ index, as equities continue to react to the move higher in rates.

• The NASDAQ and the Russell index were the hardest hit
• The Dow industrial average had its its worst day the in 2022
• Dow industrial average is on a three day losing streak
• Financials fell sharply led by Goldman Sachs which fell nearly 7% after worse than expected earnings
• The energy sector was the only S&P sector to rise
• Financials fell -2.5%
• Technology fell -2.4%
• The NASDAQ index close below its 200 day moving average for the first time since April 2020
• The S&P index closed just above its 100 day moving average at 4575.95

The final numbers are showing:

• ow industrial average fell -543.34 points or -1.51% at 35368.46
• S&P index fell 85.74 points or -1.84% at 4577.10
• NASDAQ index fell -386.85 points or -2.60% at 14506.91
• Russell 2000 fell -66.23 points or -3.06% at 2096.22

The NASDAQ index closed below its 200 day moving average

The major US stock indices are closing mixed, but both the NASDAQ and the S&P index erased declines and are closing near the highs for the day.

• For the week, the major indices are all lower.
• The Dow closed lower and was down for the second straight day
• NASDAQ closes higher despite higher yields with the 10 year yield up 8.0 basis points

The final numbers are showing:

• Dow industrial average fell -201.81 points or -0.56% at 3591.82
• S&P index rose 3.82 points or 0.08% at 4662.84. The low price took the index down -44.22 points or -0.95%
• NASDAQ index rose 86.95 points or 0.59% at 14893.76. The low price took the index down -117.5 points or -0.79%. It also took the price below its 200 day moving average near 14726. On Monday the index moved below the 200 day moving average and close higher. Today was the second try below the 200 day moving average and the second failure at closing below the level
• Russell 2000 rose 3.01 points or 0.14% at 2162.45

For the week, the major indices all closed lower:

• Dow was the worst performer with a decline of -0.83%
• S&P index fell -0.27%
• NASDAQ index fell -0.29%