The Nasdaq closed down 33% for the year. The worst decline since 2008 and the third-worst year on record.
$QQQ $NDX $IXIC $AAPL $AMZN $TSLA $GOOGL $MSFT $NFLX $NVDA
Final bell for 2022 rings! Markets close out their worst year since 2008 with all of the indices closing red for 2022.
Final Tallies:
-S&P 500 $SPX: -19.95%
-Nasdaq Composite $IXIC: -33.89%
-Russell 2000 $RUT: -22.40%
-Dow Jones Industrial $DJI: -9.40%
$SPY $QQQ $IWM $DIA
Nasdaq Closes 2022 with all four quarters in the red for the first time since the dot-com crash.
The tech-heavy Nasdaq fell 1% in the fourth quarter, wrapping up its first four-quarter losing streak since 2000-2001.
$AAPL $TSLA $AMZN $MSFT $NVDA $GOOG
Someone has to say it: Elon Musk has lied for 27 years about his credentials. He does not have a BS in Physics, or any technical field. Did not get into a PhD program. Dropped out in 1995 & was illegal. Later, investors quietly arranged a diploma - but not in science. ๐งต1/
Fed President Mester (voting member): She sees no reason to change balance sheet policy.
Growth will be well below trend; there is a risk that a "shock" could send economy into negative growth.
She does not have a recession in her forecast.
Cleveland Fed President Loretta Mester (voting FOMC member) CNBC interview: Fed is not "anywhere near" point where it can stop rate hikes
Rates are beginning to enter a restrictive stance.
It makes sense that Fed could slow down pace of rate hikes, but still raise rates.
Fed President Mester (voting member): Fed is not "anywhere near" point where it can stop rate hikes.
Fed needs to see more positive news on inflation.
She has no problem slowing down rate hikes from 75 basis points.
Fed is allowing balance sheet to run off in the background.
Woahโฆ
More Than 50% of Bitcoin Addresses Are Now in Loss, per CoinDesk
Just over 51%, or 24.6 million Bitcoin-holding addresses of the total 47.9 million, are below purchase price on their investments, according to data provided by blockchain analytics firm "IntoTheBlock"
Attorney General Merrick Garland will appoint special counsel to determine if charges should be filed against presidential candidate Donald #Trump, according to #WSJ
https://t.co/3a0HWHajNU
$JAZZ Jazz Pharma announces U.S. FDA approval of Monday/Wednesday/Friday intramuscular dosing schedule for Rylaze (asparaginase erwinia chrysanthemi (recombinant)-rywn)
$COIN Coinbase Global shares -8% after BofA downgraded to Neutral from Buy earlier citing expectations Coinbase will face new headwinds due to the recent collapse of rival crypto exchange #FTX