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U.S. Stocks Post Worst Annual Losses Since 2008

Discussion in 'News & Current Events' started by Revmitchell, Jan 1, 2016.

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  1. Revmitchell

    Revmitchell Well-Known Member
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    U.S. stocks had their worst annual performance since 2008, closing out a rocky year that tempered investors’ expectations for gains in 2016.

    The Dow Jones Industrial Average, a basket of 30 stocks, lost 2.2% in 2015, while the broader S&P 500 fell 0.7%.

    The S&P’s loss ended three years of double-digit gains for the index, but was far from the nearly 40% dive it took in 2008, a year of financial crisis.

    The year wasn’t grim across the board. The tech-heavy Nasdaq Composite Index rose 5.7%. Netflix and Amazon.com, the top-performing stocks in the S&P 500 in percentage terms, rose 134% and 118%, respectively. The consumer discretionary sector, which includes stocks such as Starbucks and Expedia, led the S&P 500 with an 8.4% gain.

    But broadly, the market struggled. While an extended slump in commodity prices helped drag the stock market into negative territory this year, six of the 10 sectors in the S&P 500 posted losses.

    http://www.wsj.com/articles/global-stocks-set-to-close-year-with-a-whimper-1451552749
     
    #1 Revmitchell, Jan 1, 2016
  2. InTheLight

    InTheLight Well-Known Member
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    Basically a lost year for the market unless you were heavily invested in tech. I blame OPEC keeping their oil flowing leading to an oil glut and China mismanaging their economy.

    Sent from my Nexus 7 using Tapatalk
     
    #2 InTheLight, Jan 1, 2016
  3. Crabtownboy

    Crabtownboy Well-Known Member
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    If you picked the right stocks it was a great year. If you picked a market following mutual fund you have problems.
     
    #3 Crabtownboy, Jan 4, 2016
  4. Crabtownboy

    Crabtownboy Well-Known Member
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    The market as a whole has been like a crab, going sideways. It is too soon to make a prediction as to whether this will turn into a bull market after a pause or a bear market as it heads south. Time will tell. It is still above the major support line.

    [​IMG]
     
    #4 Crabtownboy, Jan 4, 2016
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