Markets Close Cataclysmic 2022 To Post One Of The Worst Years On Record

All three major stock indices ended the year having contracted significantly, as markets closed Friday for the last time in 2022 to post historic losses.

The Dow Jones Industrial Average closed down 8.8% on the year, while the S&P 500 and tech-focused Nasdaq Composite Fell by 19.4% and 33.2% respectively. Declines in December continued the historically bad 12-month run ending in November, one of the worst 12 months for U.S. stocks and bonds, according to the Financial Times (FT).