Markets and New Year’s holidays

Janney Montgomery Scott’s Chief Investment Strategist Mark Luschini shares his insights on predicting the market through 2023 on Maria Bartiromo’s Wall Street.

Markets in the US will pause on Monday to observe the Lunar New Year holiday.

Investors and traders will be taking a breather after a brutal 2022 in the markets.

There is no trading in stocks or government bonds as the stock and bond markets are closed.

The futures markets for equities, metals and energy will also be closed.

S&P 500 WRAPT THE WORST YEAR SINCE 2008

Wall Street, where the NYSE is located, in downtown New York City. (` Photo/Mark Lennihan/` Newsroom)

Futures will resume trading on Monday at 6:00 p.m. ET.

US stocks closed lower on Friday, rounding out the worst year for equities since 2008 as investors grapple with sky-high inflation and a recession that could deepen in 2023.

ticker	security	Last	change	change %
Me: DJI	DOW JONES AVERAGES	33147.25	-73.55	-0.22%
SP500	S&P500	3839.5	-9.78	-0.25%
I: COMP	NASDAQ COMPOSITE INDEX	10466.481665	-11.61	-0.11%

The S&P 500 fell 9.78 points, or 0.3%, to close at 3,839.50. The index was down 5.9% in December.

The Dow fell 73.55 points, or 0.2%, to close at 33,147.25. The Nasdaq slipped 11.61 points, or 0.1%, to 10,466.48.

A trader works on the floor of the New York Stock Exchange. (` Photo/Seth Little / ` Newsroom)

TECH STOCK BOUNCING PART OF A ‘SEASONAL PATTERN’, INVESTORS HOPE FOR JANUARY

Return 2022:

Nasdaq Composite: -33%

S&P 500: -19%

Dow Jones industry average: -8.8%

Silhouette of working oil pumps (iStock / iStock)

S&P ENERGY SECTOR’S RECORD 2022 PERFORMANCE “BUILT ON THE FALL OF OTHERS”

Oil closed around $80 on Friday, about $5 higher than at the start of the year. In between, however, oil rose above $120, helping energy stocks post the only gain among the 11 sectors in the S&P 500, up 59%.

Consumer discretionary and communication services fell the most, down around 37% and 40%, respectively.

The Associated Press contributed to this report.