U.S. stocks closed mostly higher on Friday, January 21, 2022, marking their fourth consecutive week of gains. The S&P 500 rose 0.1 percent, while the Dow Jones Industrial Average gained 0.3 percent to close above 40,000 points for the first time. The Nasdaq composite, however, fell 0.1 percent.
GameStop was one of the stocks that sank on Friday, giving back more of the gains it had made earlier in the week. The company predicted a loss of up to $37 million for its latest quarter and announced plans to sell up to 45 million shares of stock to raise cash.
Closing numbers for January 21 were as follows: The S&P 500 rose 6.17 points, or 0.1 percent, to 5,303.27; the Dow Jones Industrial Average rose 134.21 points, or 0.3 percent, to 40,003.59; the Nasdaq composite fell 12.35 points, or 0.1 percent, to 16,685.97; and the Russell 2000 index of smaller companies fell 0.53 points, or less than 0.1 percent, to 2,095.72.
For the week ending January 21, the S&P 500 was up 80.59 points, or 1.5 percent; the Dow was up 490.75 points, or 1.2 percent; the Nasdaq was up 345.10 points, or 2.1 percent; and the Russell 2000 was up 35.94 points, or 1.7 percent.
Year-to-date figures for the major indices were as follows: The S&P 500 was up 533.44 points, or 11.2 percent; the Dow was up 2,314.054 points, or 6.1 percent; the Nasdaq was up 1,674.61 points, or 11.2 percent; and the Russell 2000 was up 68.64 points, or 3.4 percent.
It should be noted that the views and opinions expressed in this article are those of the authors and are meant for general informational purposes only. They should not be construed or interpreted as a recommendation or solicitation of any kind. The Epoch Times does not provide investment, tax, legal, financial planning, estate planning, or any other personal finance advice, and holds no liability for the accuracy or timeliness of the information provided
