- On the last trading day of 2022, US stocks fell, capping off the worst year in more than a decade for global equities and bonds.
- Despite a surge in dip-buying in the final hour of trading, the S&P 500 finished lower for the third day of the holiday-shortened week, leaving the benchmark down 20% in 2022. As tech stocks emerged as some of the most vulnerable to rising interest rates, the Nasdaq 100 closed down, losing a third of its value this year.
- Treasury yields rose on the final trading day of the year, following a pattern that has become all too familiar for 2022, with the 10-year rate reaching a seven-week high. The dollar's slide continued
- Losses this week dashed hopes for a rally to end 2022, a year in which inflation reasserted itself, wiping out a fifth of the value of global stocks, the worst run since the financial crisis. Bonds lost 16% of their value, the most since at least 1990 for one leading measure, as central banks around the world raced to slow rising consumer prices by hiking interest rates.