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Stocks fall to end Wall Street's worst year since 2008, S&P 500 finishes 2022 down nearly 20%

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All three of the major averages suffered their worst year since 2008.

Timothy A. Clary / AFP - Getty ImagesStocks slipped on Friday to end a brutal 2022 with a whimper, as Wall Street wrapped up its worst year since 2008 on a sour note.

All three of the major averages suffered their worst year since 2008 and snapped a three-year win streak. The Dow fared the best of the indexes in 2022, down about 8.8%. The S&P 500 sank 19.4%, and is more than 20% below its record high, while the tech-heavy Nasdaq tumbled 33.1%. “We’ve had everything from Covid problems in China to the invasion of Ukraine. They’ve all been very serious. But for investors, it is what the Fed is doing,” said Art Cashin, director of floor operations for UBS, on CNBC’s “The Exchange.”

“I would love to tell you that it is going to be like the ‘Wizard of Oz’ and everything is going to be in glorious color in a moment or two. I think we may have a bumpy first quarter, and depending on the Fed it may last a little longer than that,” Cashin said.

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 /  🏆 10. in JP
 

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US stocks fell as 🏦 bill debts were not dealt by the US Congress due to internal difference. Where are foreign deficit in the 🏦? Federal risk need credit, approx. 11% bill payments. MSN_Money CNNBusiness ReutersBiz

They will be running this same headline next year as well. Plan accordingly

It's only a market correction and the indices will rebound. After the Great Recession of 2008 the stock markets embarked on the greatest bull run in history.

But the economy is so strong. Media- especially NBC- investigate and report on the issues involving the economy. Debt- education- lack of workers U6. Start there

Hope we don't end up in a depression in 2023. Seems we're headed that way.

😂😂🤣🤣

But according to Biden our economy is terrific

“Darn you, Trump!” -liberals probably

🤔 I wonder why?

We're building back better (for large political donors and Ukraine) over here!!!!

“Greatest economy in history” - Joe Biden

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