S&P 500 closes out dismal year with worst loss since 2008

The benchmark index finished with a loss of 19.4% for 2022 — its worst loss since the financial crisis 14 years ago and a painful reversal for investors after the S&P 500 notched a gain of nearly 27% in 2021.

Listen now and subscribe: Apple Podcasts | Google Podcasts | Spotify | Stitcher | RSS Feed | Omny Studio Russia's invasion of Ukraine worsened inflationary pressure earlier in the year by making oil, gas and food commodity prices even more volatile amid existing supply chain issues. China spent most of the year imposing strict COVID-19 policies which crimped production for raw materials and goods, but is now in the process of removing travel and other restrictions.

"The Fed has been the overhang on this market, really since November of last year, so if the Fed pauses and we don't have a major recession we think that sets us up for a rally," he said. The Dow dropped 73.55 points, or 0.2%, to close at 33,147.25. The Nasdaq slipped 11.61 points, or 0.1%, to 10,466.48.

Energy stocks held up better than the rest of the market as U.S. crude oil prices settled 2.4% higher. The sector notched a 59% gain for the year, while the other 10 sectors in the S&P 500 finished 2022 in the red. Several big updates on the employment market are on tap for the first week of 2023. It has been a particularly strong area of the economy and has helped create a bulwark against a recession. That has made the Fed's job more difficult, though, because strong employment and wages mean it may have to remain aggressive to keep fighting inflation. That, in turn, raises the risk of slowing the economy too much and bringing on a recession.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US stocks fall broadly as S&P 500 ends worst year since 2008Asian stocks are higher while Europe opened lower as most major markets headed for big annual losses after a year that was roiled by Russia's invasion of Ukraine.
Source: KPRC2 - 🏆 80. / 68 Read more »

Stocks cement worst year since 2008 as S&P 500 logs 4th biggest drop since inceptionU.S. stocks polished off their worst year since 2008 with a loss on Friday, bringing the year-to-date decline for the S&P 500 to 19.4%, its largest calendar-year drop since 2008. The same holds true for the DJIA, which shed 8.8% this year. FJB
Source: MarketWatch - 🏆 3. / 97 Read more »

S&P 500 closes out dismal year with worst loss since 2008Stocks closed out 2022 with more losses, giving the S&P 500 its worst year since 2008. The index fell 0.3% Friday, the year's last trading day.
Source: TucsonStar - 🏆 339. / 59 Read more »

S&P 500 futures rise as Wall Street heads into the final trading days of 2022Recession fears have weighed on investor sentiment this week and month. A quick look at some of the 5 yr return of stock markets worst performers this year: $nvda +230% $amzn +33% $googl +65% $nflx +35% $roku -2% And by FAR the worst $dis -23% 5 yr return under RobertIger WallStreet 'advisers' and mass media: CNBC, Bloomberg have to be very proud for luring clueless retail 'investors' into the biggest StockMarket BUBBLE in history! This is what they are paid for by big corporations - turning retail investors into bagholders!
Source: CNBC - 🏆 12. / 72 Read more »

S&P 500 Futures part ways from Wall Street, Treasury bond yields dribble as 2022 bids adieuS&P 500 Futures part ways from Wall Street, Treasury bond yields dribble as 2022 bids adieu – by anilpanchal7 SP500 Futures YieldCurve RiskAppetite Markets
Source: FXStreetNews - 🏆 14. / 72 Read more »