Brutal week for stocks | Dow notches fresh 2022 low | Mass protests in Iran

Wall Street on Friday capped off a brutal week for stocks, with the Dow Jones Industrial Average hitting  a fresh low for 2022.

VIEW IN BROWSER | SUBSCRIBE FRI, SEP 23, 2022 EVENING BRIEF AS OF FRI, SEP 23, 2022 • 04:41 ET DJIA 29590.41 -1.62% -486.27 S&P 500 3693.23 -1.72% -64.76 NASDAQ 10867.93 -1.80% -198.88 Most Active DOW NAME LAST CHG %CHG AAPL 150.43 -2.31 -1.51% INTC 27.52 -0.55 -1.96% MSFT 237.92 -3.06 -1.27% S&P 500 NAME LAST CHG %CHG F 12.31 -0.46 -3.60% AAPL 150.43 -2.31 -1.51% AMD 67.96 -1.54 -2.22% NASDAQ NAME LAST CHG %CHG AAPL 150.43 -2.31 -1.51% AMD 67.96 -1.54 -2.22% NVDA 125.16 -0.45 -0.36% EDITOR'S NOTE Wall Street on Friday capped off a brutal week for stocks, with the Dow Jones Industrial Average hitting  a fresh low for 2022 and closing below 30,000 for the first time since June 17.   The Dow fell at one point more than 826 points and flirted with bear market territory on an intraday basis. The slide in stocks came as bond yields surged to unprecedented levels, with the yield on the 2-year topping 4.2%.   Friday's broad-based sell-off indicated that recession fears are top of mind for investors as the Federal Reserve has made it clear that it's main priority is fighting inflation and it will continue hiking even if it tips the economy into a recession. The hawkish messaging from the central bank and the likelihood of sizeable hikes ahead fueled the panic in equities and bonds on Friday, said KKM Financial's Jeff Kilburg.   "A lot of investors — including myself — have been caught off guard," Kilburg said. "We really thought the Fed was going to be more measured, more prudent, and continue to err on the side of being accommodative." Samantha Subin | Associate Markets Reporter @samantha_subin Watch our live stream for all you need to know to invest smarter. TOP NEWS  Dow drops nearly 500 points to close at new low for 2022 on rising recession fears From the Fed to Europe's currency crisis, here's what's behind this selloff in financial markets British pound plunges, bonds sink after government announces tax cuts Referendums begin in Russian-occupied regions of Ukraine; long lines form at borders as Russians flee military call-up Mass protests in Iran, sparked by woman's death in police custody, are the regime's biggest challenge in years Google CEO Pichai tells employees not to 'equate fun with money' in heated all-hands meeting Ford's supply chain problems include blue oval badges for F-Series pickups Biden promises to codify Roe if two more Democrats are elected to the Senate Bond yields soar as markets weigh threat of a recession. What it means for your investments Moderna asks FDA to authorize omicron Covid boosters for children as young as 6 years old TOP VIDEO I'm worried markets won't hit bottom until the Fed cuts rates, says BofA's Subramanian CNBC PRO Bond market plunge means the low for stocks is not in yet, Bank of America's Hartnett says SPECIAL REPORTS With representation lacking in media, Emilio Estefan urges Latinos to embrace their identities Latinos are seeing the least amount of growth in corporate board representation, new findings show Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy © 2022 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS