The New York Stock Exchange lost 20 percent of its value in 2022, the fourth largest loss in the US stock market since World War II.
"It's a terrible year for stocks on the New York Stock Exchange, during which they lost 20 percent of their value, which is the fourth largest stock market loss in history since World War II," economist Sam Stovall was quoted by Agence France-Presse as saying today.
Stovall added: “The new decline on Wall Street came after the financial and real estate crisis in 2008 when the stock market lost 38.5 percent, after the 1974 crash when the decline reached 29.7 percent, and finally after the collapse of the Internet bubble in 2002 when the market fell by 23.4 percent.”
Steady US inflation reached its highest levels in forty years, and as a result, the radical change in the US Federal Reserve's position signaled the end of prosperity for investors.
The rate of price rise in the United States peaked in June, recording 9.1 percent, according to the consumption index.
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