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Markets Finish Lower Following Wednesday's Intense Sell-Off

BY Benzinga
— 4:32 PM ET 05/19/2022

U.S. indices finished Thursday's trading session lower. Worse-than-expected retail earnings and anticipation of further Federal Reserve policy tightening in 2022 have continued to weigh on stocks across sectors.

  • The Nasdaq composite finished lower by 0.26% to 11,388; The Invesco QQQ Trust Series 1 NASDAQ:QQQ lost 0.53% to $289.61
  • The S&P 500 traded lower by 0.59% to 3,900; The SPDR S&P 500 ETF Trust NASDAQ:SPY lost 0.61% to $389.46
  • The Dow Jones finished lower by 0.75% to 31,253.13; The SPDR Dow Jones Industrial Average ETF Trust NASDAQ:DIA finished lower by 0.75% at $313.18

Here are the day's winners and losers from the S&P 500, according to data from Benzinga Pro.

Synopsys, Inc. NASDAQ:SNPS, MarketAxess Holdings Inc. NASDAQ:MKTX and Enphase Energy Inc NASDAQ:ENPH were among the top gainers.

Under Armour Inc NYSE:UA NYSE:UAA, Cisco Systems Inc NASDAQ:CSCO and Philip Morris International Inc. NYSE:PM were among the top losers.

Elsewhere On The Street

Genius Brands International Inc NASDAQ:GNUS announced on Wednesday that it signed a 20-year deal to license the name and likeness of Stan Lee to Marvel Studios for future films and TV productions, as well as in Walt Disney Co NYSE:DIS theme parks and experiences across the globe...

Target Corp NYSE:TGT reported worse-than-expected earnings results on Wednesday, which led several analysts to lower price targets on the stock...

Abbott Laboratories NYSE:ABT and the FDA are reportedly on track to reopen the company's Sturgis, Michigan, baby formula manufacturing plant within one or two weeks, FDA Commissioner Robert Califf said...

More CSCO News

  • US STOCKS-Wall Street ends lower as Cisco and Apple sink
    Reuters - 4:25 PM ET 05/19/2022
  • Evolv Technology Appoints New Chief Financial Officer
    Business Wire - 4:20 PM ET 05/19/2022
  • US STOCKS-S&P 500 ends lower as Cisco and Apple sink
    Reuters - 4:00 PM ET 05/19/2022
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