Stock market tumbles, closes out worst year since 2008

  • 📰 dcexaminer
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 94%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The stock market’s final trading session of 2022 has closed, marking the worst year for stocks since 2008.

The Dow Jones Industrial Average shed more than 90 points on Friday, or about 0.27%. The tech-heavy Nasdaq fell modestly, and the S&P 500 fell by just about 0.3% on the last day of trading before the new year.

This past year was a year of great uncertainty. The new year was ushered in by high inflation, which eventually grew to levels not seen since the 1970s. Many of the economists analyzing the inflation situation weren’t even around during the country’s last inflationary period.Because of the too-high inflation, the Federal Reserve began jacking up interest rates at an increasingly aggressive pace.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Is this where POTUS spikes the football?

Sure miss the Donald

But no mean tweets

not just the markets

As the Carpenters once sang.....it's only just begun!

Tell me you didn’t expect this when you were promoting a senile lying sack for Potus?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in CA

Canada Canada Latest News, Canada Canada Headlines