What Happened in October, 2022?


US Economy

The S&P 500 closed at 3,585 on September 30, its lowest level since the 2020 crash around the start of the COVID-19 pandemic and its third consecutive losing quarter. Trillions of retirement savings have been wiped out in 2022.

US Supreme Court Cases

Supreme Court hears arguments in case that could overturn Roe v. Wade. The Supreme Court heard arguments in the case of Dobbs v. Jackson Women’s Health Organization, which could overturn Roe v. Wade, the landmark decision that legalized abortion nationwide. The case centers on a Mississippi law that bans most abortions after 15 weeks of pregnancy.

Russian Invasion of Ukraine

Russia intensifies its attacks on eastern Ukraine. Russian forces intensified their attacks on eastern Ukraine in October 2022, targeting the cities of Kharkiv, Donetsk, and Luhansk. The attacks caused widespread damage and killed hundreds of civilians.

Ukraine launches counterattacks in southern Ukraine. The Ukrainian military launched counterattacks in southern Ukraine in October 2022, recapturing some territory from Russian forces. The counterattacks were a sign of the Ukrainian military’s growing confidence and its ability to take the fight to the Russians.

International pressure on Russia mounts. The international community continued to pressure Russia to end the war in Ukraine. The United States and its allies imposed new sanctions on Russia, and the International Criminal Court (ICC) opened an investigation into possible war crimes committed by Russian forces in Ukraine.

Humanitarian crisis in Ukraine worsens. The humanitarian crisis in Ukraine worsened in October 2022. Millions of people were displaced from their homes, and food and medical supplies were in short supply. The United Nations estimated that over 10 million people had fled their homes in Ukraine since the start of the war.