US stocks closed down on Thursday, with the S&P 500 printing its worst first half of the year since 1970.
Today's close marked the end of the second quarter, during which investors grappled with the uncertainties of geopolitical unrest, high levels of inflation, Covid-19 lockdowns and a hawkish Federal Reserve. The Dow and S&P 500 closed out their worst three-month period since 2020 while The Nasdaq ended its worst quarter since 2008.
Stock buybacks, meanwhile set quarterly and 12-month records at $281 billion and $985 billion respectively, according to S&P Dow Jones Indices senior index analyst Howard Silverblatt.
- The Dow fell 252 points, or 0.8%, on Thursday.
- The S&P 500 dropped 0.9%.
- The Nasdaq Composite fell by 1.3%.
As stocks settle after the trading day, levels might still change slightly.