After another day of turbulence, the Dow and the S&P 500 both fell 0.7% and the tech-heavy Nasdaq composite declined 1.2%. The Nasdaq has fallen farthest of the three major U.S. stock indexes in 2022 to date, down 13.4% for the year as of Friday's close, while the S&P 500 is off 8.8% and the Dow is down 6.2%.
Inflation remains a key concern as companies continue facing supply-chain problems and higher costs, prompting warnings that operations will suffer through some or all of 2022. Video streaming company Roku slumped 22.5% after giving investors a weak revenue forecast and warning about persistent supply-chain problems.
Retailers and travel-related companies also lost ground. Amazon shed 0.6% and Royal Caribbean fell 1.1%
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