Major US indices close lower. Today’s declines erase the week’s gains.

Major US stock indexes closed lower, with the Nasdaq and Russell 2000 leading the declines. A sharp rise in yields and higher oil prices were the catalysts for the declines.

A look at the main indicators:

• The Dow Jones Industrial Average fell -537.07, or -1.07%, to 49,530.94.
• The S&P index fell -92.76 points, or -1.24%, to 7,408.49 points.
• The Nasdaq index fell -410.08 points, or -1.54%, to 26,225.14.

The small-cap Russell 2000 index fell -69.70 points, or -2.44%, to 2,793.29.

For the trading week, today’s declines erased the gains made earlier in the week:

• Dow Jones Industrial Average fell -0.17%
• The Standard & Poor’s index rose 0.13%.
• Nasdaq fell 0.08%

The Russell 2000 couldn’t escape the high-yield headwinds and fell -2.373%.

Among the losers from major companies this week:

• Raytheon: -17.17%
• Shake Shack: -13.89%
• Intel: -12.93%
• Super micro computer: -12.27%
• Teladoc: -12.14%
• GameStop Inc: -11.08%
• whirlpool: -11.05%
• SanDisk: -9.90%
• accident: -9.73%
• Alaska Airlines: -9.55%

This week’s notable winners include:

• Nepheus nevada: +24.19%
• cisco: +22.41%
• Palo Alto Networks: +16.84%
• CrowdStrike Holdings: +12.61%
• western: +12.41%
• Papa John’s: +11.53%
• Figma: +10.94%
• Exxon Mobil: +9.23%
• Vertif Holdings: +9.11%
• ford motor: +8.93%
• CF Industries: +8.89%
• Fortnite: +7.66%
• Striker: +7.46%

Mag 7 performance this week:

• Nvidia: +4.70%
• apple: +2.36%
• Microsoft: +1.64%
• Meta platforms: +0.76%
• Alphabet A: -1.00%
• Tesla: -1.43%
• Amazon.com: -3.11%

NVIDIA led the gains this weekextending its AI-based momentum, while Apple and Microsoft also registered strong progress. Nvidia will announce its earnings next week.

Amazon and Tesla were the weakest performers in the groupWhile Alphabet also ended slightly lower during the week.