US stocks gave up gains and closed lower on Thursday as a streak of market volatility continued. All major Wall Street indices – S&P 500, Dow Jones, Nasdaq, Russell 2000 – ended in red

The investors were taking a cautious stance as the Federal Reserve earlier this week indicated its plans to raise interest rates and take other steps soon to fight inflation. Russia-Ukraine conflict could also be a potential factor behind the Wall Street fall.

What happened in markets?

The Dow Jones Industrial Average DJIA closed down 7.31 points, or less than 0.1%, at 34,160.78, after rising more than 600 points at its session high in early activity.

The S&P 500 SPX fell 23.42 points, or 0.5%, ending at 4,326.51.

The Nasdaq Composite COMP dropped 189.34 points, or 1.4%, to finish at 13,352.78, on pace for its longest weekly losing streak since Nov. 2012.

On Wednesday, stocks gave up gains during Powell’s news conference to end mostly lower, with the Dow falling 0.4% and the S&P 500 shed 0.2%, while the Nasdaq Composite eked out a tiny gain.

US stock markets closed on Wednesday:

The S&P 500 fell 6.52 points, or 0.1%, to 4,349.93.

The Dow Jones Industrial Average fell 129.64 points, or 0.4%, to 34,168.09.

The Nasdaq rose 2.82 points, or less than 0.1%, to 13,542.12.

The Russell 2000 index of smaller companies fell 27.57 points, or 1.4%, to 1,976.46.

US stock markets for the week:

The S&P 500 is down 48.01 points, or 1.1%.

The Dow is down 97.28 points, or 0.3%.

The Nasdaq is down 226.80 points, or 1.6%.

The Russell 2000 is down 11.45 points, or 0.6%.

US stock markets for the year:

The S&P 500 is down 416.25 points, or 8.7%.

The Dow is down 2,170.21 points, or 6%.

The Nasdaq is down 2,102.85 points, or 13.4%.

The Russell 2000 is down 268.85. points, or 12%

Nasdaq 100 is currently trading at around 14003 levels and is down by almost 14.20 percent YTD and up by nearly 6.07 percent over 12-months.

US ETFs give you the benefit of diversifying in international stocks and also provide access to various leading themes in the US stock market.

The ETF to invest in S&P 500 stocks is SPDR S&P 500 ETF Trust (SPY) which is popularly known as the SPY ETF. SPY is an ETF that tracks the S&P 500 index. S&P 500 index is widely regarded as the best single indicator of large-cap US equities and by investing in SPY ETF, you get exposure to some of the best US stocks across eleven major industries. The top three sectors in the S&P 500 are Information Technology, Health Care, and Communication Services. The returns of SPY closely track the returns generated by the S&P 500 index. 

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