Janie Montgomery Scott Chief Investment Strategist Marc Luchini shares his insights on the market outlook to 2023 on Wall Street from Maria Bartiromo.
markets a The United Cities Stops on Monday to celebrate the New Year holiday.
Investors and traders will take a break after a brutal 2022 in the markets.
There is no trading in stocks or government bonds such as stock and bond markets will close.
The futures markets for equities, metals and energy will also be closed.
S&P 500 WRAPS worst year since 2008
Wall Street, where the New York Stock Exchange is located, is in central New York City. (AP Photo/Mark Lennihan/AP Newsroom)
Futures contracts resume trading Monday at 6:00 p.m. ET.
US stocks closed lower Friday marks the end of the worst year for stocks since 2008 as investors grapple with rising inflation and a recession that could deepen in 2023.
| Band | Schutz | the last | changes | changes % |
|---|---|---|---|---|
| Me: DJI | Dow Jones Averages | 33.147,25 | -73,55 | -0,22 % |
| SP500 | Standard & Poor’s 500 | 3839,5 | -9,78 | -0,25 % |
| I: COMP | Composite Nasdaq Index | 10466.481665 | -11.61 | -0,11 % |
The S&P 500 fell 9.78 points, or 0.3%, to close at 3,839.50. The index recorded a loss of 5.9% for the month of December.
The Dow Jones fell 73.55 points, or 0.2%, to close at 33,147.25 points. The Nasdaq index fell 11.61 points, or 0.1%, to 10,466.48 points.
A trader works on the floor of the New York Stock Exchange. (AP Photo/Seth Wenig/AP Newsroom)
Yields 2022:
Nasdaq-Composite: -33 %
S&P 500: -19 %
Dow Jones Industrial Average: -8.8%
Silhouette of working oil pumps (iStock/iStock)
S&P ENERGY SECTOR RECORDS 2022 PERFORMANCE ‘BUILT ON THE CASE OF OTHERS’
Oil is closed on Friday About $80, about $5 higher than at the start of the year. However, oil jumped above $120, helping energy stocks make the only gains among the 11 sectors of the S&P 500, up 59%.
Consumer discretionary and more distant telecom services declined about 37% and 40%, respectively.
The Associated Press contributed to this report.