In the face of a volatile macroeconomic environment, the markets experienced significant turbulence in 2022. Over the past year, all three major indices have plunged – The S&P 500 has lost close to 20%, while the Dow Jones Industrial Average and the Nasdaq Composite have declined about 10% and 33%, respectively.
However, U.S. consumer confidence rose in December 2022. The Conference Board reported its consumer confidence index increased to 108.3 in December, posting the highest reading since April. The figure topped the forecast from economists polled by Reuters of 101.0.
