S&P 500 caps off dismal year with worst loss since 2008 financial crisis

Stocks are closing out 2022 with more losses, giving the S&P 500 its worst year since 2008.

The benchmark index fell 10 points, or 0.3% to close at 3,840, leaving it down 19.4% for the year — its worst loss since the financial crisis 14 years ago. 

The Dow Jones Industrial Average fell 74 points, or 0.2%, to 33,147. The Nasdaq composite fell 0.1%, ending the year with an annual loss of 33%. The index has fared much worse this year because it is heavily made up of technology stocks that have been leading the broader market slump.