Stocks Fall in 2022′s Final Trading Session As Wall Street Wraps up Worst Year Since 2008

Tiger Newspress2022-12-30

Stocks fell on Friday as investors made their final trades in the worst year for the market since 2008.

The Dow Jones Industrial Average slipped 168 points, or 0.5%. The S&P 500 shed 0.7%, while the Nasdaq Composite dropped 1.1%.

Friday marks the final day of trading of what’s been a painful year for stocks. A volatile bear market, sticky inflation, and aggressive rate hikes from the Federal Reserve battered growth and technology stocks. These factors also weighed on investor sentiment.

All three of the major averages are marching toward their worst year since 2008, slated to snap a three-year win streak. The Dow fared the best of the indexes in 2022, down 8.58%, while the S&P and tech-heavy Nasdaq tumbled 19.24% and 33.03%, respectively.

As the calendar year turns the corner, some investors think the pain is far from over, and expect the bear market to persist until a recession hits or the Fed pivots. Some also project stocks will hit new lows.

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