Published on 5 Aug 2022 on Zacks via Yahoo Finance
Stock Market News for Aug 5, 2022
Wall Street witnessed a mixed session on Thursday, dragged down primarily by energy stocks. Treasury yields and oil prices fell as the Bank of England raised interest rates to a historic high and provided a gloomy economic outlook. Weekly jobless claims came in a bit higher than expected. Two of the three major stock indexes ended in the red, while one ended in the green.
How Did The Benchmarks Perform?
The Dow Jones Industrial Average (DJI) fell 0.3% or 85.68 points to close at 32,726.82. Twenty components of the 30-stock index ended in red, while nine ended in green and one remained unchanged.