Last year was a bad year for the stock market. It seemed that everything that could go wrong for the market's most-battered stocks did go wrong. Rising interest rates led to a bloodbath for many technology and communication services stocks early in 2022. The cryptocurrency meltdown, exacerbated by the collapse of FTX, sent a crypto exchange platform reeling. A Chinese pharmaceutical company saw its shares fall at the start of the year on worries that the U.S. Food and Drug Administration would not approve its core cancer drug, and it was further hurt when an American biopharmaceutical company discontinued use of the drug in its research. As the year progressed, inflation and changing consumer habits prompted investors to sell off internet and some traditional retail stocks. Amid these factors, some sectors and stocks fared worse than others. Some three-quarters of the 847 U.S.-listed stocks covered by Morningstar analysts suffered losses in 2022. Of those, 349 declined by more than 20%, and the very worst performers approached triple-digit losses. Among the 237 stocks that bucked the trend, 10 stocks performed very well indeed, boasting returns of approximately 80% or better. At the other end of the spectrum, the biggest losers all saw negative returns of more than 80%. Check out the gallery for the 10 worst-performing U.S.-listed stocks in 2022.
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