How major US stock indexes fared Tuesday 12/27/2022

December 27, 2022 GMT

Stocks closed lower Tuesday afternoon after the long holiday weekend, adding to the market’s recent losses as Wall Street counts down its final days of a painful year for investors.

A slide in technology companies, automakers and airlines weighed on the market, offsetting gains in energy stocks and other sectors. News that China lifted some of its COVID-19 restrictions helped lift stocks in the early going.

The S&P 500 index fell 0.4%, the Dow Jones Industrial Average inched 0.1% higher and the technology-heavy Nasdaq composite lost 1.4%.

On Tuesday:

The S&P 500 fell 15.57 points, or 0.4%, to 3,829.25.

The Dow Jones Industrial Average rose 37.63 points, or 0.1%, to 33,241.56.

The Nasdaq fell 144.64 points, or 1.4%, to 10,353.23.

The Russell 2000 index of smaller companies fell 11.42 points, or 0.7%, to 1,749.52.

For the year:

The S&P 500 is down 936.93 points, or 19.7%.

The Dow is down 3,096.74 points, or 8.5%.

The Nasdaq is down 5,291.74 points, or 33.8%.

The Russell 2000 is down 495.80 points, or 22.1%.