Markets Finish Lower Following Wednesday's Intense Sell-Off

U.S. indices finished Thursday's trading session lower. Worse-than-expected retail earnings and anticipation of further Federal Reserve policy tightening in 2022 have continued to weigh on stocks across sectors.

  • The Nasdaq composite finished lower by 0.26% to 11,388; The Invesco QQQ Trust Series 1 QQQ lost 0.53% to $289.61
  • The S&P 500 traded lower by 0.59% to 3,900; The SPDR S&P 500 ETF Trust SPY lost 0.61% to $389.46
  • The Dow Jones finished lower by 0.75% to 31,253.13; The SPDR Dow Jones Industrial Average ETF Trust DIA finished lower by 0.75% at $313.18

Here are the day's winners and losers from the S&P 500, according to data from Benzinga Pro.

Synopsys, Inc. SNPS, MarketAxess Holdings Inc. MKTX and Enphase Energy Inc ENPH were among the top gainers.

Under Armour Inc UA UAA, Cisco Systems Inc CSCO and Philip Morris International Inc. PM were among the top losers.

Elsewhere On The Street

Genius Brands International Inc GNUS announced on Wednesday that it signed a 20-year deal to license the name and likeness of Stan Lee to Marvel Studios for future films and TV productions, as well as in Walt Disney Co DIS theme parks and experiences across the globe… Read More

Target Corp TGT reported worse-than-expected earnings results on Wednesday, which led several analysts to lower price targets on the stock… Read More

Abbott Laboratories ABT and the FDA are reportedly on track to reopen the company's Sturgis, Michigan, baby formula manufacturing plant within one or two weeks, FDA Commissioner Robert Califf said… Read More

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