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US stocks end week in red

By January 22, 2022 350
US stocks end week in red

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%./aa

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