Money | stock market Wall Street Ticks Lower Again World banks raise rates after the Federal Reserve's move By Newser Editors and Wire Services Posted Sep 22, 2022 3:40 PM CDT Copied A man walks past the New York Stock Exchange, Wednesday, Sept. 21, 2022, in New York. (AP Photo/Peter Morgan) Stocks closed lower Thursday on Wall Street, deepening their losses for the week, as central banks around the world raised interest rates to fight inflation, per the AP. The S&P 500 fell 31 points to 3,757, a loss of 0.3%. The Dow fell 107 points to 30,076, down 0.8%. The Nasdaq fell 153 points to 11,066, down 1.3%. The losses were broad and led by retailers, banks, and industrial companies. Starbucks fell 3.9%, American Express dropped 3%, and UPS slid 2.9%. Health care stocks were among the few bright spots. Johnson & Johnson rose 2.2%. Smaller company stocks fell more than the broader market in a sign that investors were worried about the economy. The Russell 2000 fell 1.9%. The declines came as central banks around the world hiked interest rates to fight inflation, catching up with the Federal Reserve's move. Read These Next Cops: Arizona 5th graders drew up plot to 'end' a classmate. Hall of Famer Dave Parker dies The DOJ just fired 3 prosecutors tied to Capitol riot criminal cases. Hatshepsut's statues weren't smashed due to sexism after all Report an error