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US stocks finish 2022 with another loss, ending the year down 20% in their worst performance since 2008

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  • US stocks fell on the last trading day of 2022, ending what has been a tough year for investors.
  • The S&P 500 closed out its worst year since 2008, falling 20%.
  • Meanwhile, the Dow Jones Industrial Average lost 9% in 2022, and the tech-heavy Nasdaq tumbled 33%.

US stocks fell on Friday, ending the last trading day of 2022 with a thud and capping off a terrible year for investors as high inflation, high interest rates, and growing concerns of a recession weighed on markets.

The major indexes experienced their worst year since 2008, when the S&P 500 fell 38%. At Friday’s close, the S&P 500 was down 20% for the year, the Dow was off 9%, while the Nasdaq plunged 33%.

Investors will be looking for relief in 2023 in the form of easing inflation, a more friendly Federal Reserve, and the potential for the economy to sidestep a recession.

Here’s where US indexes stood at the 4:00 p.m. ET close on Friday:

Here’s what else happened today:

In commodities, bonds and crypto:

  • West Texas Intermediate crude oil rose 2.51% to $80.37 per barrel. Brent crude, oil’s international benchmark, jumped 3.03% to $85.99.
  • Gold rose 0.10% to $1,827.90 per ounce.
  • The yield on the 10-year Treasury rose five basis points to 3.88%.
  • Bitcoin fell 0.36% to $16,545, while ether dropped 0.08% to $1,196. 
Read the original article on Business Insider
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