S&P 500 slumps nearly 20% in 2022, its worst performance in 14 years

The S&P 500 (SP500) on Friday closed out a particularly painful year for Wall Street with an approximately 20% decline, its worst annual showing since the financial crisis in 2008.

The benchmark index ended 19.44% lower at 3,839.50 points, while its accompanying SPDR S&P 500 Trust ETF (NYSEARCA:SPY) shed 19.48%.