Economy

US stocks end week in red

Nasdaq's losses at 11% since beginning of 2022

Gökhan Ergöçün   | 22.01.2022
US stocks end week in red

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%.


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