US Stocks Suffer Worst Year Since Financial Crisis: Markets Wrap
- Hopes for year-end bounce dashed; stocks end down in final day
- S&P 500 falls almost 20% in 2022, Nasdaq 100 drops 33%
This article is for subscribers only.
US stocks fell on the last trading day of 2022, closing out the worst year in more than a decade for global equities and bonds.
Even after a surge in dip-buying in the last hour of trading, the S&P 500 ended lower for a third day in the holiday shortened week, leaving the benchmark down almost 20% in 2022. The Nasdaq 100 closed down, shedding a third of its value this year as tech stocks emerged as some of the most vulnerable to rising rates.