Key US Stock Indices Performed On Tuesday, December 6, 2022

 
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After unexpectedly positive economic figures underscored the Federal Reserve's challenging battle against inflation, stocks finished down on Wall Street and Treasury yields increased.

On Monday, the S&P 500 dropped 1.8%. The tech-heavy Nasdaq fell 1.9%, while the Dow Jones Industrial Average fell 1.4%. Stocks of smaller companies decreased much more.

The largest component of the American economy, the services sector, had unexpected growth in November. After lowering its revenue projection and announcing the retirement of its CEO, V.F. Corp., which manufactures Vans shoes and The North Face outdoor gear, experienced a decline.

The S&P 500 dropped 72.86 points, or 1.8%, to 3,998.84 on Monday.

To 33,947.10, the Dow Jones Industrial Average dropped 482.78 points, or 1.4%.

To 11,239.94, the Nasdaq dropped 221.56 points, or 1.9%.

Smaller company index Russell 2000 dropped 52.62 points, or 2.8%, to 1,840.22.

The S&P 500 has lost 767.34 points, or 16.1%, for the year.

2,391.20 points, or 6.6%, have been lost by the Dow.

4,405.03 points, or 28.2%, have been lost by the Nasdaq.

Russell 2000 points are down 405.09, or 18%.