Wall Street ends 2022 with biggest annual drop since 2008

Wall Street ends 2022 with biggest annual drop since 2008

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U.S. stocks closed out 2022 lower on Friday, capping a year of sharp losses driven by aggressive interest rate hikes to curb inflation, recession fears, the Russia-Ukraine war and rising concerns over COVID cases in China. Wall Street's three main indexes booked their first yearly drop since 2018…

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