Dow Jones opens up 150 points on first trading trading day of the year trends now
Dow Jones opens up 150 points on first trading trading day of the year trends now
BREAKING NEWS: Dow opens up 150 points on first trading day of the year, after Wall Street finished 2022 with worst losses since 2008 Wall Street's main indexes rose modestly on Tuesday, the year's first session It follows the worst year for stocks since great recession struck in 2008 Fed rate hikes and recession fears drove markets into bear territory last year
View
comments
Wall Street's main indexes opened higher on the first trading day of the new year, after closing out 2022 with their worst performance in 14 years.
Soon after the opening bell on Tuesday, the Dow Jones Industrial Average rose 149 points, or 0.45 percent, to 33,434. The S&P 500 gained 0.64 percent and the Nasdaq composite gained 0.99 percent.
The main U.S. stock indexes ended 2022 with their steepest annual losses since 2008 against the backdrop of the Fed's fastest pace of rate hikes since the 1980s.
The benchmark S&P 500 shed 19.4 percent last year, marking a roughly $8 trillion decline in market
