Back-To-Back Down Years Are Rare For The Stock Market
View Source | January 4, 2023 7:02 am
- After a year of ups and downs, the S&P 500 ended 2022 on a downbeat note. The index closed at 3,839.50 on Friday, down 0.25 percent for the day and 19.44 percent for the year.
- That makes 2022 the worst year for the S&P 500 since 2008 and the fourth-worst year since the index was expanded to 500 companies in 1957.
- While positive returns in 2020 and 2021 despite Covid-19 made it seem like the only way for the stock market was up, 2022 served as a good reminder that that is not the case.
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