FDA Says Livanova Recalls Lifesparc System For Risk Of Unintentional Extended Pump Stop During Controller Critical Failure

US stocks closed lower on last trading session of the year, with the three main indices recording their first yearly decline since 2018. The Fed's aggressive rate increases impacted stocks last year, with the benchmark S&P 500 losing 19.4%, and the Dow dropping around 9% in 2022. Growth stocks remained under pressure from increasing yields for most part of the year.