U.S. stocks open down on last trading day of 2022, S&P 500 set to finish worst year since 2008

U.S. stocks opened lower Friday as investors kicked off the last trading session of 2022. The Dow Jones Industrial Average
DJIA,
-0.22%
was down 0.5% soon after the opening bell, while the S&P 500
SPX,
-0.25%
fell 0.7% and the Nasdaq Composite
COMP,
-0.11%
dropped 1.1%, according to FactSet data, at last check. All three major benchmarks have slumped this year as the Federal Reserve tightened its monetary policy in an effort to tame high inflation. The S&P 500 has tumbled more than 19% in 2022, on track to wrap up its worst year since 2008.