U.S. stocks fell Friday to finish the holiday-shortened week lower.
 | FRI, JUN 03, 2022 | | | |
| DOW | | NAME | LAST | CHG | %CHG | | AAPL | 145.38 | -5.83 | -3.86% | | INTC | 43.39 | -1.45 | -3.23% | | MSFT | 270.02 | -4.56 | -1.66% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | AMD | 106.30 | -2.29 | -2.11% | | AAPL | 145.38 | -5.83 | -3.86% | | NVDA | 187.20 | -8.72 | -4.45% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AMD | 106.30 | -2.29 | -2.11% | | AAPL | 145.38 | -5.83 | -3.86% | | NVDA | 187.20 | -8.72 | -4.45% | |
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Ultimately, Thursday's rally proved insufficient to usher the major stock averages into a winning week. U.S. stocks fell Friday to finish the holiday-shortened week lower, as investors took in a better-than-expected May jobs report and worried about the monetary policy implications of a strong labor market. Strong job growth gives the Federal Reserve more runway to continue hiking interest rates in order to address hot inflation. "There's not a lot of bad news in that jobs number. It's just the interpretation," Mark Hackett, Nationwide's chief of investment research, said. |
It was another choppy week on Wall Street, with stocks posting sizeable intraday swings. "When you look at the day-to-day types of movements … that's what emotion driving decision making is," Hackett said. |
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