Goodbye 2022 – and good riddance. Markets close out their worst year since 2008

Wall Street has said goodbye — and good riddance — to 2022, a year most investors would rather forget.

All three major averages were down on Friday, clocking their worst year since 2008 and ended a three-year winning streak.

The Dow fell 73 points, or 0.2% Friday, the last trading day of the year. In 2022, the Dow fell about 9%.

The S&P 500 was 0.3% lower Friday, leaving it down about 20% for the year.

The Nasdaq Composite Index was down 0.1% Friday, close to its lowest level since July 2020. The tech-heavy index has been battered this year, falling 33%.

European stocks also closed out the year on a sour note, down 11.8%, securing their worst annual run since 2018.