Stocks slump, closing out worst quarter since early 2020

Friday, July 1, 2022, Vol. 46, No. 26
The Associated Press

Stocks fell again on Wall Street Thursday, closing out the worst quarter for the market since the onset of the pandemic in early 2020. The S&P 500 index lost 0.9%.

It's now down 21% since hitting a record high at the beginning of the year, having entered a bear market earlier in June.

The Dow Jones Industrial Average fell 0.8% and the Nasdaq fell 1.3%. Tech stocks and retailers and other companies that rely directly on consumer spending posted some of the biggest losses, as they have all year.

The yield on the 10-year Treasury note fell to 3.01%.