US stocks ended the last trading session of 2022, Friday, lower, ending a year of sharp losses, which were driven by large interest rate increases to curb inflation, recession fears and the Russia-Ukraine war.
The three main indices on the “Wall Street” stock exchange recorded their first annual decline since 2018.
This also marks the largest annual drop for the indices since the 2008 financial crisis.
Tesla, Apple, Alphabet, Microsoft, Amazon, and NVIDIA shares were among the biggest losers on the Standard & Poor’s 500 index, falling between 28 and 66% in 2022.
Energy stocks recorded a whopping 58% year-on-year gain as oil prices soared.
According to the data, Standard & Poor’s fell during the year 19.44%, the Dow Jones fell 8.78%, and the Nasdaq Composite fell 33.1%, in the largest annual percentage point loss for the three indices since 2008.
#Tesla It loses two-thirds of its value during 2022 due to declining sales and decisions #Elon_Musk#Aljazeera live
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It was “the fourth largest stock market loss in history since World War II,” strategist Sam Stovall told AFP.
“It’s been a terrible year,” added the expert on stock market historical statistics.
The decline of 2022 on Wall Street came after the financial and real estate crisis of 2008 when the stock market lost 38.5%, then the 1974 crash when the decline reached 29.7%, and finally the collapse of the Internet bubble in 2002 when the market fell by 23.4%.
During 2022, Tesla shares fell (66% in one year), Apple (down 24%), and Facebook owner Meta (lost 63%).
Including #mask And #Bezos And #ZuckerbergEmperors losses #technology It amounted to $433 billion in 2022
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For morehttps://t.co/cDZBxtGFwq #Aljazeera live #Economy #Wealth #America #Tesla #amazon #Facebook #instagram #WhatsApp #Twitter– Al Jazeera Mubasher (@ajmubasher) December 30, 2022
On paper, the fortunes of some of the billionaire owners of these companies have shrunk by half for Facebook’s Mark Zuckerberg or nearly half for Amazon’s Jeff Bezos.
As for the latest investments in cryptocurrencies, they have met a major disaster. From 46 thousand dollars last March, the price of bitcoin fell to less than twenty thousand dollars after three months, and it is now trading at about 16 thousand.