US stock market closed today New Year’s clearing

for last year’s trading Wall Street posted its biggest year-over-year decline since 2008 after three consecutive years of gains, with the Dow Jones down 8.8% last year and the S&P 500 and Nasdaq, respectively by 19.4% and 33.1%, the first time all three indices had lost year-over-year since 2018.

Telecom stocks were the biggest losers last year. with a decline of more than 40%, while the energy group was the only one to climb with an increase of almost 58%

“Although there are still a lot of questions as we move into the new year. But we are happy to see 2022 come to a close,” said Rebecca Felton, marketing strategist at Riverfront Investment Group.

Investors expect early 2022 that the stock market will improve markedly. as the economy recovers after countries ease lockdown measures which boosts demand and solves supply chain issues

However, after Russia announced an invasion of Ukraine on February 24, 2022, forcing the US and Western nations to issue sanctions against Russia. This has resulted in severe energy and food shortages around the world. and is the cause of rising inflation Until the Federal Reserve (Fed) and central banks around the world hastened to raise interest rates to stem inflation.

Regarding the direction of the market in 2023, analysts commented that the market will continue to be pressured by inflation and the geopolitical tensions of the Russo-Ukrainian war. and conflicts in the Taiwan Strait Including the return of the spread of COVID-19 After China eased COVID measures to zero. and returned to open the country again

“What happened in 2022 was driven by the Fed raising interest rates and reducing the balance sheet. But it is a listed company. and fundamentals Companies that perform well will bounce back,” said Patrick Armstrong, chief investment officer of Plurimi Wealth LLP.