Economy

US stocks end lower in another volatile session

Fed monetary policy, concerns related to supply chain problems weigh on indexes

Gökhan Ergöçün   | 28.01.2022
US stocks end lower in another volatile session

ISTANBUL

Major US stock indexes ended in the red Thursday, despite early gains due to positive economic data, as investors remained unsure how the Federal Reserve’s monetary policy will affect companies’ profits and shares.  

Ongoing concerns over supply chain problems also weighed on markets. 

The blue chip Dow Jones Industrial Average ended down 0.02%, or 7.31 points, at 34,160.78.

The S&P 500 lost 23.42 points, or 0.54%, to close at 4,326.51.

The tech-heavy Nasdaq was off 189.34 points, or 1.4%, at 13,352.78.

Tesla shares dropped by more than 11% during the day after the company said it would not produce new models in 2022 and has not started working yet on a $25,000 electric car.

Asian markets also closed the day on the negative side while European indices and the Turkish BIST 100 index ended positive.

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