MTS Help Center

Dow tumbles more than 500 points to end a volatile week, S&P 500 sheds 1%

U.S. stocks came under pressure again in Friday’s volatile session amid worries about tighter monetary policy and the ongoing pandemic, leading to a losing week for the major averages.

The Dow Jones Industrial Average dropped 532.20 points, or 1.5%, to 35,365.44. The S&P 500 fell 1% for a second down day to 4,620.64. The tech-heavy Nasdaq Composite ended the session less than 0.1% lower at 15,169.68 after briefly trading in the green. At its session low, the Nasdaq dropped about 1.5%.

The major averages posted a negative week with the Nasdaq being the biggest loser. The tech-heavy benchmark declined nearly 3%, while the Dow and the S&P 500 slipped 1.7% and 1.9%, respectively.

European stocks close lower as omicron, inflation worries weigh on sentiment

Reference: CNBC