US equities wrap up a tough week as inflation bites | Forexlive

On the day:

• S&P 500 -1.0%
• DJIA -1.1%
• Nasdaq Comp -1.7%
• Russell 2000 -1.2%
• Toronto TSX -0.3%

On the week:

• S&P 500 -2.7% — worst since Dec
• Nasdaq Comp -3.3% — worst since Dec
• Russell 2000 -3.1%
• Toronto TSX -1.7%

It was a rough one for US stocks but not as bad as it looked midday. The S&P 500 fell 45 points to 3974 after falling as low as 3947. There were a series of higher lows throughout the day, indicating that dip buyers are still lurking. The 200-day moving average held today on the first challenge.