How Major U.S. Stock Indexes Fared Tuesday

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Stocks sank on Wall Street after the head of the Federal Reserve warned it could speed up its economy-rattling hikes to interest rates if pressure stays high on inflation.

The S&P 500 dropped 1.5% Tuesday, and the Dow Jones Industrial Average gave back 574 points. Both had been nearly flat just before Fed Chair Jerome Powell said the central bank is ready to get more aggressive on rate hikes if warranted. Treasury yields also shot higher following Powell’s testimony before a Senate committee. The yield on the two-year Treasury is near its highest level since 2007.

On Tuesday:

  1. The S&P 500 fell 62.05 points, or 1.5%, to 3,986.37.
  2. The Dow Jones Industrial Average fell 574.98 points, or 1.7%, to 32,856.46.
  3. The Nasdaq composite fell 145.40 points, or 1.2%, to 11,530.33.
  4. The Russell 2000 index of smaller companies fell 21.03 points, or 1.1%, to 1,878.72.

For the week:

  1. The S&P 500 is down 59.27 points, or 1.5%.
  2. The Dow is down 534.51 points, or 1.6%.
  3. The Nasdaq is down 158.67 points, or 1.4%.
  4. The Russell 2000 is down 49.54 points, or 2.6%.

For the year:

  1. The S&P 500 is up 146.87 points, or 3.8%.
  2. The Dow is down 290.79 points, or 0.9%.
  3. The Nasdaq is up 1,063.85 points, or 10.2%.
  4. The Russell 2000 is up 117.48 points, or 6.7%.

How large publicly-traded Fort Worth companies fared on Tuesday:

Company, Ticker, Headquarters, Stock price

American Airlines Group Inc., AAL, Fort Worth, $16.36 (+0.24)

AZZ Inc., AZZ, Fort Worth, $41.68 (+0.03)

Charles Schwab Corp., SCHW, Westlake, $74.95 (-1.65)

D.R. Horton Inc., DHI, Arlington, $91.17 (-0.29)

Elevate Credit Inc., ELVT, Fort Worth, $1.8700 (+0.0100)

Farmer Bros Co., FARM, Northlake, $4.0500 (-0.2100)

FirstCash Inc., FCFS, Fort Worth, $88.31 (-0.77)

Forestar Group Inc., FOR, Arlington, $14.16 (-0.18)

GameStop Corp., GME, Grapevine, $18.06 (-0.59) 

Goosehead Insurance Inc., GSHD, Westlake, $54.00 (+1.45)

Kimbell Royalty Partners LP, KRP, Fort Worth, $16.30 (0.00)

Legacy Housing Corp., LEGH, Bedford, $19.84 (-0.08)

Quest Resource Holding Corp., QRHC, The Colony, $6.55 (-0.15)

Range Resources Corp., RRC, Fort Worth, $27.29 (+0.14)

Sabre Corp., SABR, Southlake, $5.02 (-0.16)

Six Flags Entertainment Corp., SIX, Arlington, $28.99 (-0.81)

Tandy Leather Factory Inc., TLF, Fort Worth, $4.4500 (-0.0300)

Thryv Holdings Inc., THRY, DFW Airport, $22.98 (-0.10)

TPG, TPG, Fort Worth, $32.46 (-1.24)