Economy
US stocks end week in red
Nasdaq's losses at 11% since beginning of 2022
Gökhan Ergöçün |
22.01.2022 - Update : 22.01.2022
ISTANBUL
US stocks continued to fall at the close of the week with huge losses amid concerns about Russia-Ukraine tension, inflation and the Federal Reserve's uncertain interest rate moves.
The Dow Jones industrial average was down 1.30%, or 450.02 points, to 34,265.37. It also lost around 4.6% versus last week's close.
The S&P 500 lost 84.79 points, or 1.89%, to close at 4,397.94. The index dropped 5.6% compared to the close last Friday.
The Nasdaq was off 385.1 points, or 2.72%, to 13,768.92. It fell 7.55% from last week.
Nasdaq has dropped more than 11% since the beginning of the year.
Nearly all Asian and European stocks closed the week in the red.
Turkiye's BIST 100 closed Friday at 2,011.16 points, down 0.15%.
