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US Stock Market Suffers Worst Year Since 2008—Is More Pain Ahead in 2023?

Started by Epoch-Times-Bot, Dec 31, 2022, 10:28 PM

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Epoch-Times-Bot

Dec 31, 2022, 10:28 PM
US Stock Market Suffers Worst Year Since 2008—Is More Pain Ahead in 2023?

Investors will be quick to turn the calendar year to 2023 after the U.S. stock market suffered its worst annual performance since 2008, driven by elevated inflation, global recession fears, and tightening monetary policy.  
The leading benchmark indexes suffered notable losses in 2022, led by the tech-heavy Nasdaq Composite Index's 33.1 percent decline. The S&P 500 plummeted 19.44 percent, while the Dow Jones Industrial Average slumped 8.78 percent.  
By comparison, the Nasdaq plunged 40.54 percent, the S&P 500 tumbled 38.49 percent, and the Dow Jones lost 33.84 percent in 2008.  
According to Ipek Ozkardeskaya, a senior analyst at Swissquote Bank, the abysmal performance in equities marked the end of an era of easy money policies.  ...

Source: US Stock Market Suffers Worst Year Since 2008—Is More Pain Ahead in 2023?

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