National Post

Wall Street started 2023 on a sour note
Concerns such as rising interest rates, high inflation, and a slowing economy will continue to impact sentiment in the new year
Investors should consider buying Fortinet and Pinterest as the beaten-down growth stocks are poised to bounce back from 2022’s brutal selloff
Stocks on Wall Street have gotten off to a rough start in 2023 as worries over rising Fed rates, elevated inflation, and recessionary fears remained front and center for investors.

The major indices closed out 2022 with their worst annual declines since 2008. The blue-chip Dow Jones Industrial Average ended the year down 8.8% and 10.3% off its 52-week high. The benchmark S&P 500 lost 19.4% for the year and now sits more than 20% below its record high, while the tech-heavy Nasdaq Composite tumbled 33.1% last year.

Wall Street started 2023 on a sour note
Concerns such as rising interest rates, high inflation, and a slowing economy will continue to impact sentiment in the new year
Investors should consider buying Fortinet and Pinterest as the beaten-down growth stocks are poised to bounce back from 2022’s brutal selloff
Stocks on Wall Street have gotten off to a rough start in 2023 as worries over rising Fed rates, elevated inflation, and recessionary fears remained front and center for investors.

The major indices closed out 2022 with their worst annual declines since 2008. The blue-chip Dow Jones Industrial Average ended the year down 8.8% and 10.3% off its 52-week high. The benchmark S&P 500 lost 19.4% for the year and now sits more than 20% below its record high, while the tech-heavy Nasdaq Composite tumbled 33.1% last year.