Singapore markets closed
  • Straits Times Index

    3,384.29
    +20.61 (+0.61%)
     
  • Nikkei

    27,509.46
    +107.41 (+0.39%)
     
  • Hang Seng

    21,660.47
    -297.89 (-1.36%)
     
  • FTSE 100

    7,901.80
    +81.64 (+1.04%)
     
  • BTC-USD

    23,442.78
    -37.96 (-0.16%)
     
  • CMC Crypto 200

    535.42
    -1.43 (-0.27%)
     
  • S&P 500

    4,136.48
    -43.28 (-1.04%)
     
  • Dow

    33,926.01
    -127.93 (-0.38%)
     
  • Nasdaq

    12,006.96
    -193.86 (-1.59%)
     
  • Gold

    1,877.70
    -53.10 (-2.75%)
     
  • Crude Oil

    73.23
    -2.65 (-3.49%)
     
  • 10-Yr Bond

    3.5320
    +0.1360 (+4.00%)
     
  • FTSE Bursa Malaysia

    1,490.47
    +0.67 (+0.04%)
     
  • Jakarta Composite Index

    6,911.73
    +21.16 (+0.31%)
     
  • PSE Index

    7,027.38
    +41.19 (+0.59%)
     

Here's Why 2 of This Year's Worst-Performing Stocks Could Bounce Back in 2023

Here's Why 2 of This Year's Worst-Performing Stocks Could Bounce Back in 2023

If 2022 ended right now, it would be the worst year for the stock market since the financial system collapsed in the subprime mortgage crisis of 2008. As of this writing, the tech-heavy Nasdaq-100 index is down 28% year to date, though that's a modest decline compared to many formerly high-flying companies that have shed 50% (or more) of their value in 2022. 2022 hasn't been a good year to be in the lending business, particularly for financial technology company Upstart Holdings (NASDAQ: UPST).