Cheddar News breaks down some of the challenges the stock market suffered this year.

Major Indexes & Tech Stocks Took Significant Hits in 2022

now, here are the major indexes in 2022. Again, looking at it now, not great. The dow down over 9% the S and P also down almost 19% year to date. And taking a look at the NASDAQ again, it is down 30% again, year to date. I don't have to tell you, it's been a turbulent year as company earnings were heavily impacted by inflation hitting americanswallets and in response, the Federal Reserve launched an interest rate hike camp pain like never seen before. As a result, the tech sector has been absolutely battered in this high interest rate environment. These companies that enjoyed soaring valuations in 2021 came falling back down to earth. Check out these shares of previously high flying tech stocks. We're talking meta netflix and Peloton in 2022. Not a pretty picture, especially when investors saw the law losses piling up at meta netflix and peloton. But despite broader disappointment, retail remained resilient. Especially outlets that promoted affordability or companies like walmart, which was, which had a large footprint in grocery. You see dollar general fared okay, when compared to other stocks as inflation stricken shoppers hunted for deals that's apparent. And discount retailer ross stores performance as well.