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• US stocks fell on the last trading day of 2022, ending what has been a tough year for investors.
• The S&P 500 closed out its worst year since 2008, falling 20%.
• Meanwhile, the Dow Jones Industrial Average lost 9% in 2022, and the tech-heavy Nasdaq tumbled 33%.

US stocks fell on Friday, ending the last trading day of 2022 with a thud and capping off a terrible year for investors as high inflation, high interest rates, and growing concerns of a recession weighed on markets.

The major indexes experienced their worst year since 2008, when the S&P 500 fell 38%. At Friday’s close, the S&P 500 was down 20% for the year, the Dow was off 9%, while the Nasdaq plunged 33%.

Investors will be looking for relief in 2023 in the form of easing inflation, a more friendly Federal Reserve, and the potential for the economy to sidestep a recession.

Here’s where US indexes stood at the 4:00 p.m. ET close on Friday:

• S&P 500: 3,839.50, down 0.25%
• Dow Jones Industrial Average: 33,147.25, down 0.22% (73.55 points)
• Nasdaq Composite: 10,466.48, down 0.11%

Here’s what else happened today:

• FTX customer assets worth more than $3.5 billion have been temporarily seized by Bahamian authorities, according to the country’s markets regulator.
• America’s housing market is still gloomy as ever as mortgage rates turned higher again, according to Freddie Mac. Mortgage rates are set to break a six-week declining streak, with the 30-year fixed rate mortgage rising by 15 basis points this week to 6.42% as of Thursday. 
• Warren Buffett has overtaken Jeff Bezos on the rich list this year, and now threatens to unseat Bill Gates as the second-wealthiest American after Elon Musk.
• Fundstrat’s Tom Lee highlighted what he sees as the single biggest risk to his bullish 2023 forecast, which calls for the S&P 500 to rally more than 20%. 
• Cardano, Solana, and Internet Computer were among the top 10 worst performing cryptocurrencies in 2022, a year riddled with fraud, scams, and spectacular implosions. 

In commodities, bonds and crypto:

• West Texas Intermediate crude oil rose 2.51% to $80.37 per barrel. Brent crude, oil’s international benchmark, jumped 3.03% to $85.99.
• Gold rose 0.10% to $1,827.90 per ounce.
• The yield on the 10-year Treasury rose five basis points to 3.88%.
• Bitcoin fell 0.36% to $16,545, while ether dropped 0.08% to $1,196.