US markets closed with losses as Wall Street is on track for its worst annual record since 2008

Frankfurt US stock markets continue the sell-off from last week’s central bank 2022 on Monday. The Dow Jones index closed down 0.5 percent at 32,757 points. The Nasdaq index, which specializes in technology, fell 1.5 percent to 10,546 points. wide Standard & Poor’s The 500 lost 0.9 percent to 3,817 points.

According to experts, the indices are on their way to record their biggest annual percentage losses since the 2008 financial crisis, two weeks before the end of the year. “We’ve already been through a similar financial shock to the one in 2008, just for different reasons,” said Huw Roberts, an analyst at Quant Insight in London.

The theme for the year was the push and pull between inflation and the Fed’s policy response. “Any hint of a lower interest rate hike was welcomed by the markets, but it was crushed by monetary tightening.”