Historical Year Data · 2022
Technology (XLK) in 2022
Technology (XLK) opened 2022 at $87.76 and closed at $62.22, a -29.10% move for the year. The high of $87.76 was reached on January 3, and the low of $58.28 on October 12.
Open
$87.76
2022-01
Close
$62.22
251 data points
High
$87.76
Jan 3
Low
$58.28
Oct 12
Full Year Change
-29.10%
2021 Change
+35.94%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | $87.76 | $80.99 | $87.76 | $75.69 | -7.72% |
| Feb | $81.19 | $77.04 | $82.03 | $73.63 | -5.12% |
| Mar | $75.5 | $79.46 | $81.75 | $70.69 | +5.26% |
| Apr | $79.23 | $70.71 | $80.74 | $69.91 | -10.75% |
| May | $71.79 | $70.22 | $74.43 | $65.39 | -2.17% |
| Jun | $70.01 | $63.56 | $71.71 | $61.74 | -9.22% |
| Jul | $63.71 | $72.11 | $72.11 | $63.71 | +13.19% |
| Aug | $71.96 | $67.63 | $75.78 | $67.63 | -6.01% |
| Sep | $67.3 | $59.39 | $69.7 | $59.39 | -11.75% |
| Oct | $61.23 | $63.94 | $64.79 | $58.28 | +4.42% |
| Nov | $63.4 | $67.98 | $67.98 | $59.41 | +7.22% |
| Dec | $68.07 | $62.22 | $68.07 | $60.72 | -8.60% |
Events During 2022
2022 Fed Rate Hiking Cycle
Stagflation
March–December 2022
The Fed raised rates 425bps in 2022, the fastest hiking cycle since the Volcker era. The 60/40 portfolio posted its worst year since 1937.
2022 UK Mini-Budget & Gilt Crisis
Stagflation
September 23 – October 14, 2022
UK Prime Minister Liz Truss's September 23, 2022 mini-budget triggered a collapse in sterling and gilts. LDI pension strategies faced forced liquidation. The Bank of England intervened to prevent financial instability.
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