Posted by CNBC (99..201.63) on December 30, 2022 at 06:25:04:
That's that
The last trading day of 2022 is upon us. Will we go out with a bang or a whimper? The three major indices are coming off a strong Thursday. The Dow jumped more than 300 points, while the beaten-down Nasdaq surged 2.6% and the S&P 500 rose 1.8%. Even if Friday turns out well, though, the averages are going to finish down for 2022, snapping a three-year win streak, with the Nasdaq faring the worst. There are some silver linings, however. The Dow and the S&P are set to snap a three-quarter losing streak as the fourth quarter wraps up. The new year doesn’t promise much change, though, with the Federal Reserve still trying to tame inflation with interest rates, and some economists and market watchers expecting a recession or at least a slight slowdown. Read live markets update