Shares closed decrease throughout the board on Friday to complete off the worst yr for the U.S. inventory market because the monetary disaster.

When the yr’s remaining closing bell rang on Friday, the S&P 500 and Dow have been every off about 0.2%, whereas the tech-heavy Nasdaq fell a extra modest 0.1%.

With Friday’s losses, the S&P 500 fell 19.4% in 2022, its largest calendar-year decline since a 38% drop in 2008. Closing at 3,839.50 on Friday, the S&P 500 now stands on the similar stage as March 2021.

The Nasdaq Composite dropped 33% and stands on the similar stage as July 2020.

The Dow, in the meantime, fell a comparably modest 9% in 2022, whereas the bond market suffered by its worst yr in fashionable historical past.

The yield on the 10-year Treasury rose from round 1.5% originally of 2022 to settle at 3.88% on Friday. This transfer triggered a sell-off throughout mounted earnings markets and weighed on housing, with the typical 30-year mounted mortgage price ending 2022 close to 6.4%, its highest year-end stage since 2001.

Tesla (TSLA) shares rose 1.1% on Friday, a transfer that adopted the inventory gaining some 8% on Thursday in a bid to get well sharp losses suffered this yr and this month. Tesla shares misplaced over 65% this yr and greater than 30% in December.

WTI crude oil gained greater than 2.5% on Friday, ending 2022 at $80.40 per barrel and giving oil its second-straight annual achieve. Although after the worth of crude oil surged greater than 50% in 2021 after which doubled early this yr, WTI completed with a extra modest 7% for the yr.

The modest achieve in oil costs, nevertheless, belies the energy seen by vitality shares in 2022, with the vitality sector (XLE) rising some 57% this yr, the one one of many 11 sectors within the S&P 500 to log good points this yr.

The Federal Reserve’s aggressive price hike marketing campaign in 2022 weighed significantly heavy on know-how shares. The know-how sector (XLK) fell 28% this yr, its greatest drop since 2008, whereas communication companies (XLC) — which was added to the S&P 500 in 2018 — logged its greatest drop on report, falling 38% in 2022, essentially the most of any sector within the S&P 500.

In foreign money markets, the greenback was weaker on Friday however logged its greatest annual achieve since 2015 as rate of interest will increase from the Federal Reserve boosted demand for the buck.

Crypto markets additionally endured a difficult 2022, as bitcoin (BTC-USD) is about to complete the yr down 65%. The worth of bitcoin was little-changed on Friday to commerce close to $16,500.

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