US markets close with losses as Wall Street heads for worst annual record since 2008

Frankfurt The US stock markets continue the sell-off from the last central bank week 2022 on Monday. The Dow Jones index of standard values ​​closed 0.5 percent lower at 32,757 points. The tech-heavy Nasdaq fell 1.5 percent to 10,546 points. The broad S&P 500 lost 0.9 percent to 3817 points.

According to experts, the indices are on track to post their biggest annual percentage losses since the 2008 financial crisis two weeks before the end of the year. “We actually experienced a financial shock comparable to that of 2008, just for different reasons,” said Huw Roberts, an analyst at Quant Insight in London.

The theme for the year has been the tug-of-war between inflation and the Fed’s policy response. “Markets welcomed any hint of smaller rate hikes, only to be crushed by monetary tightening.”

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