Inflation, recession and earnings among factors to drive U.S. stocks in 2023

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Reuters

By Lewis Krauskopf NEW YORK (Reuters) – U.S. stock investors could not be more eager to turn the page on 2022, a brutal year that lopped about $8 trillion in market capitalization from the S&P 500 as the Federal Reserve unleashed a barrage of rate hikes to fight the steepest inflation in 40 years. The S&P 500 lost 19.4% for the year in its biggest annual percentage drop since 2008. The carnage was even more severe for the Nasdaq Composite, which tumbled by 33.1%. High-profile casualties include the once-soaring shares of Amazon.com Inc, which slumped nearly 50% this year, while those of Tesla …

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