Tech Dips, Energy Gains: Final Week of 2022
Update: 2025-12-29
Description
Wall Streets major indexes began the final week of 2022 on a downbeat note, with tech stocks leading the decline. The Dow, S&P 500, and Nasdaq all fell, with Nvidia, Palantir, and Tesla among the top losers. Despite the dip, experts like Hank Smith of Haverford Trust remain optimistic, viewing this as a buying opportunity rather than the end of techs run. Energy stocks bucked the trend, rising alongside a two percent oil price jump. All three indexes are still on track for solid monthly gains, marking the eighth straight green month for the Dow and S&P 500. The bull market, fueled by AI hype, rate cuts, and a tough economy, remains strong. Looking ahead, traders anticipate a possible Santa Claus rally, with Fed meeting minutes and jobless claims topping a light data week. SoftBanks plan to acquire DigitalBridge for $4 billion also boosted that stock by nearly 10%. Checkout Solipillow.com
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