- 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 $4 fell 38%. At Friday's close, the S&P 500 was down 20% for the year, the $4 was off 9%, while the $4 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:
- S&P 500>$4: 3,839.50, down 0.25%
- Dow Jones Industrial Average>$4: 33,147.25, down 0.22% (73.55 points)
- Nasdaq Composite>$4: 10,466.48, down 0.11%
Here's what else happened today:
- FTX $4 by Bahamian authorities, according to the country's markets regulator.
- America's $4 according to Freddie Mac. Mortgage rates are set to break a six-week declining streak, with the 30-year fixed rate mortgage rising by 15 basis points this week to 6.42% as of Thursday.
- $4 and now threatens to unseat Bill Gates as the second-wealthiest American after Elon Musk.
- Fundstrat's $4, which calls for the S&P 500 to rally more than 20%.
- Cardano, Solana, and Internet Computer $4 a year riddled with fraud, scams, and spectacular implosions.
In commodities, bonds and crypto: