Indices on the New York Stock Exchange ended the year with the worst performance since 2008
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Key indices on the New York Stock Exchange for 2022 fell in a range of 9% to 33%. This is the worst figure since 2008. This is reported CNBC with reference to auction.
By the end of the last trading session in 2022, the Dow Jones Industrial Average was down over 9% and the S&P 500 was down almost 20%. The NASDAQ electronic exchange index fell 33%.
High inflation, high interest rates and growing fears of a recession in 2023 were the reasons behind the decline in the indices. Recession in the economy in the coming year admitted US Treasury Secretary Janet Yellen.
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