Posted BY: NwoReport
Friday marked the final trading day on Wall Street of 2022 and stocks…did not end on a high note. In fact, it was such a low note that a year this sour hasn’t been recorded since 2008.
From the beginning of 2022 until now, the Dow Jones Industrial Average fell more than eight percent. The S&P 500 lost nearly 20 percent over the year. Since January, the Nasdaq ended things down more than 33 percent. That puts all three indices at their worst year-end since 2008.
Wall Street records worst year since 2008, with S&P 500 finishing 2022 down nearly 20% https://t.co/rTUpi5ipJs pic.twitter.com/LdYdhAnDS3— CNBC Now (@CNBCnow) December 30, 2022
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Say, how’s that “build back better” policy agenda working?
Among the biggest stock market losers in 2022 were internet and tech companies. Amazon ended 2022 down 49 percent, Facebook’s parent company Meta dropped 64 percent on the year, and Google’s parent company Alphabet lost nearly 39 percent. Apple dipped 27 percent, chip maker Intel fell 49 percent, and Microsoft dipped nearly 30 percent.