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US stocks end flat as market searches for positive news

June 30, 2022 / 7:45 AM
Sharjah24 – AFP: Wall Street stocks were near flat at the end of a choppy session Wednesday as the market struggled to recover from the prior session's rout.
Worries about inflation, weakening consumer sentiment and tightening monetary policy have weighed on stocks throughout 2022, including Tuesday, when the S&P 500 tumbled two percent.

The Dow Jones Industrial Average finished up 0.3 percent at 31,029.31.

The broad-based S&P 500 slipped 0.1 percent to 3,818.83, while the tech-rich Nasdaq Composite Index edged down by less than 0.1 percent to 11,177.89.

Among individual companies, General Mills rose 6.4 percent after reporting that quarterly profits more than doubled to $825.8 million on an eight percent rise in revenues.

Bed Bath & Beyond plunged 23.6 percent after reporting quarterly loss following a 25 percent drop in quarterly sales. The company announced that it was replacing Mark Tritton as chief executive with interim leader Sue Gove.
June 30, 2022 / 7:45 AM

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