Stocks stumble to end ‘miserable’ 2022

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AFP

New York (AFP) – Stock markets wrapped up their worst performances in years on Friday before heading into 2023 under recession fears following Russia’s invasion of Ukraine, high inflation and rising interest rates. Both US and European indices closed their final sessions of the year in the red. For the year, Frankfurt was down more than 12 percent and Paris lost 9.5 percent for their worst performances since 2018. London, however, was up 0.9 percent in 2022 as the energy sector was buoyed by soaring energy prices.  Wall Street saw its worst annual drop since 2008, with the S&P 500 index down a…

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