Market Week: January 3, 2023

The Markets (as of market close December 30, 2022)

A late-week surge in dip buying wasn’t enough to save stocks from closing the last week of 2022 in the red. Only the Russell 2000 and the Global Dow managed to eke out minimal gains. The Nasdaq, S&P 500, and the Dow all ended the week lower. Treasury yields rose, as bond prices fell. The dollar slid lower, but ended the year up over 8.0%. Crude oil prices ended the week up by nearly 1.0%, closing above $80.00 per barrel.

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