United States’ stock market end in negative territory| MENAFN.COM

Saturday, 28 May 2022 07:33 GMT

United States’ stock market end in negative territory


(MENAFN) Concerns regarding Russia-Ukraine conflicts, inflation, and the Federal Reserve's ambiguous interest rate actions drove US markets to tumble by the end of the week, recording massive declines.

The Dow Jones industrial index fell by 1.30 percent to end at 34,265.37 points, or 450.02 points. Furthermore, it dropped by 4.6 percent from the previous week's end.

The S&P 500 index fell by 84.79 points, or 1.89 percent, to reach 4,397.94. In comparison to last Friday's end, the index plummeted by 5.6 percent.

The Nasdaq declined by 385.1 points, or 2.72 percent, to end at 13,768.92. It plunged by 7.55 percent since the previous week. Since earlier 2022, the Nasdaq has lost more than 11 percent of its value.

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