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

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.

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

South Africa South Africa Latest News, South Africa South Africa Headlines

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

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 »

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 »

'Tenbagger' stocks that Wall Street believes can keep going next yearThese stocks have top track records and room to run, according to Wall Street. Urgent relief is here before it's too late to save the girl The CNBC criminal boiler room strikes again
Source: CNBC - 🏆 12. / 72 Read more »

Stocks rally on Wall Street; job market remains strongStocks rallied in morning trading on Wall Street Thursday as investors reviewed the latest government update showing that the labor market remains strong. thank you president biden!
Source: chicagotribune - 🏆 8. / 91 Read more »

Top Wall Street strategists see a bumpy 2023 ahead with minimal returns for stocksMany strategists are seeing double-digits drawdowns during 2023 as the economy is expected to deteriorate.
Source: CNBC - 🏆 12. / 72 Read more »