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2022-12-27

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S&P 500 Opens Flat to Kick off Final Trading Week of the Year

The S&P 500 opened flat Tuesday as the final trading days of 2022 kicked off. Investors deliberated

S&P 500 Opens Flat to Kick off Final Trading Week of the Year

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Investors deliberated over whether a Santa Claus rally will appear and lift a market weighed down by recession fears.</p><p>The Dow Jones Industrial Average last traded 20 points higher, or 0.05%. The S&amp;P 500 traded flat, while the Nasdaq Composite shed 0.3%.</p><p>China-linked stocks rose premarket as the country eased Covid restrictions. Tesla slumped on news of an extended production pause, while Southwest shed 4% as the airline canceled thousands of flights.</p><p>Stocks are headed for their worst yearly performance since 2008 and another down month. In December, the S&amp;P 500 dropped roughly 5.8%, while the Dow and Nasdaq dropped about 4% and 8.5%, respectively. These are the biggest monthly declines since September.</p><p>After a brutal year consumed by inflation and recession fears, investors are hoping to cap off 2022 on a positive note. 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