The calendar year 2022 turned several of the inventory market’s former darlings into duds.
For the much better aspect of the earlier 10 years, buyers crowded into shares of speedy-increasing know-how companies whose strong gains yr just after calendar year bolstered bets that they experienced nowhere to go but up. Surging rates for these types of shares as Fb parent Meta Platforms Inc., Amazon.com Inc., Apple Inc., Netflix Inc. and Google owner Alphabet Inc. propelled major indexes to dozens of new highs.