US stocks fell on Friday, the last trading day of 2022, capping off a terrible year for investors as high inflation, high interest rates, and growing concerns of a recession weighed on stock prices.
The major indexes are headed for their worst year since 2008, when the S&P 500 fell 38%. Through Thursday, the S&P 500 was down 19% for the year, the Dow was off 8.6%, while the Nasdaq has 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 shortly after the 9:30 a.m. ET open on Friday:
Here’s what else is happening this morning:
In commodities, bonds and crypto:
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Stock market news today: Indexes to close out worst year since 2008 – Markets Insider
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