What did the major US stock indexes do Friday, 1/20/2023

A rally for tech stocks applied some salve on Wall Street’s rough week, one dominated by worries about a weakening economy.

The S&P 500 rose 1.9% Friday, but still ended with its first weekly loss in the last three. The Dow rose 1%, while the Nasdaq gained 2.7%.

Google’s owner rose after saying it was slashing expenses by laying off workers. It’s the latest Big Tech company to acknowledge expanding too quickly in recent years. Netflix reported a surge in subscribers.

Friday:

The S&P 500 rose 73.76 points, or 1.9%, to 3,972.61.

The Dow Jones Industrial Average climbed 330.93 point, or 1%, up to 33.375.49

The Nasdaq rose 288.6 points or 2.7% to 11,140.43

Russell 2000 index of smaller businesses rose by 30.99 points or 1.7% to 1,867.34.

This is the Week:

The S&P 500 fell 26.46 points, or 0.7%.

The Dow dropped 927.12 points or 2.7%.

The Nasdaq rose 0.6% to 61.28 point.

The Russell 2000 lost 19.70 points or 1%.

The following is the complete year:

The S&P 500 is up 133.11 points, or 3.5%.

The Dow is up 228.24 point, or 0.7%.

The Nasdaq is up 673.95 point, or 6.4%.

The Russell 2000 is up 106.09 Points, or 6%.