The S&P 500 is up 4.46 points for the year, giving it an 0.2% gain with one session to go.
The year wasn’t grim across the board.
On the other hand, the consumer discretionary sector has been the best performer on the S & P, rising 9 per cent in 2015, led by Netflix’s 139 per cent increase and Amazon’s 122 per cent gain.
But broadly, the market struggled.
Considerable weakness was also visible among utilities stocks, as reflected by the 1.1 percent loss posted by the Dow Jones Utilities Average. Please see our terms of service for more information.
The Dow lost 127.14 points, or 0.7 percent. The CBOE Volatility index spiked to a seven-year high before the market recovered. The Nasdaq composite declined 58 points, or 1.2%, to 5,007.
Despite the trouble in energy companies, shares in Europe mostly performed well in 2015, but many investors had expected sharper gains. Dogged by weak commodity prices, the FTSE 100 underperformed the rest of Europe with a 4.5% loss on the year. In Asia, the Shanghai Composite Index ended up 9.4% in a roller-coaster year in which the index plunged over 40% in late August.
Apple shares finished the year down 3.7 per cent, the first year the company’s shares finished lower since 2008.
The oil price collapse sent global markets reeling throughout 2015.
– The Bloomberg Commodity index fell 25%, its fifth consecutive year of declines.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.27% from 2.30% a day earlier.
Meanwhile, stocks in IN had a disappointing year overall.
Crude oil prices were set for their second year of steep losses suffering under an unprecedented global glut that may take another year to clear.
“It was a year of two phases, but in the end was a little disappointing, ” said Mr. Gijsels. Germany’s main stock market, which was closed Thursday for the holiday, ended the year with a 9.6 percent gain.
Still, Mr. Gijsels expects equities to perform well in the new year as long as economic conditions don’t change drastically and central banks remain accommodative.
Air Canada fell 0.7 per cent. Turbulence on one of the airline’s flights from China injured multiple passengers on Wednesday, forcing it to land in Calgary. It lost 2.1% for 2015.
Declines this year have wiped out about $US57 billion in Apple’s market capitalisation, about as much as fellow Dow component DuPont Co is worth.
Can you guess which stock had the best performance in 2015?
“I think this is going to be a short-lived bounce in energy prices”, said Robert Pavlik, chief market strategist at Boston Private Wealth. The dollar fell to 120.21 yen from 120.55 yen, while the euro fell to $1.0882 from $1.0924.
The blue-chip Dow dropped 1.0% in the session to 17,425.03, to take its annual loss to 2.2%.