Stocks closed lower on Wall Street, led by more declines in big technology companies and putting the S&P 500 in the red for the week.
The benchmark index was weighed down by losses in Apple, Amazon and other tech heavyweights. Investors are still keeping a close eye on signs of inflation, which would especially hurt tech sector stocks whose values have soared in recent years. AMC went on another wild ride after executing a big stock sale, closing down 18% after being down even more during the day.
On Thursday:
The S&P 500 fell 15.27 points, or 0.4%, to 4,192.85.
The Dow Jones Industrial Average fell 23.34 points, or 0.1%, to 34,577.04.
The Nasdaq fell 141.82 points, or 1%, to 13,614.51.
The Russell 2000 index of smaller companies fell 18.59 points, or 0.8%, to 2,279.25.
For the week:
The S&P 500 is down 11.26 points, or 0.3%.
The Dow is up 47.59 points, or 0.1%.
The Nasdaq is down 134.23 points, or 1%.
The Russell 2000 is up 10.28 points, or 0.5%.
For the year:
The S&P 500 is up 436.78 points, or 11.6%.
The Dow is up 3,970.56 points, or 13%.
The Nasdaq is up 726.23 points, or 5.6%.
The Russell 2000 is up 304.39 points, or 15.4%.
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