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NASDAQ Down all four quarters in 2022 (a first)
[CNBC] This year marks the first time the Nasdaq has ever fallen all four quarters. It dropped 9.1% in the first three months of the year, followed by a second-quarter plunge of 22% and a third-quarter decline of 4.1%. It fell 1% in the fourth quarter because of an 8.7% drop in December........ In 2022, the company formerly known as Facebook lost roughly two-thirds of its value as investors balked at a future in the metaverse. Tesla fell by a similar amount, as the carmaker long valued like a tech company crashed into reality. Amazon dropped by half. The IPO market this year was non-existent, but many of the companies that went public last year at astronomical valuations lost 80% or more of their value. Posted by: lord garth 2023-01-03 |
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