Thread: Dow, S&P 500 set for worst December since 1931

Stock market ends wild week in negative territory, as Dow, S&P 500 set for worst December since 1931

By Mark DeCambre
Published: Dec 28, 2018 4:03 p.m. ET

The Dow on Friday retreated in a holiday-shortened week, colored by erratic and powerful price swings. The Dow Jones Industrial Average DJIA, -0.33% closed down by about 77 points, or 0.3%, at 23,062, the S&P 500 index SPX, -0.12%declined 0.1% to end at 2,486, while the Nasdaq Composite Index COMP, +0.08%finished the session virtually unchanged at 6,585, on a preliminary basis. However, for the week, the Dow rose 2.8%, the S&P 500 climbed 2.9%, while the Nasdaq registered a weekly gain of 4%, with all three indexes marking their first weekly gains after three straight weekly declines. Despite the upbeat moves, the indexes are all poised for annual losses for the first time since 2008, with Dow and S&P 500 on pace for their worst December since 1931, according to Dow Jones Market Data. The market's swing come against a backdrop of anxieties about the global economy, Federal Reserve interest-rate increases and trade-war jitters that have created a cocktail of concerns that have undercut investors' confidence. On top of that, a partial government shutdown appeared set to head into 2019, as President Donald Trump fights to secure finance for a U.S.-Mexico border wall--a demand that has been a sticking point in negotiations for an extension of government financing. Market's were closed on Tuesday for Christmas and will be shut again next Tuesday for New Year's Day. Outsize moves have been the pattern of the week. The Dow's biggest-ever one-day point rise came Wednesday, when it ended with a gain of 1,086.25 points, or 5%, to 22,878.45. The S&P 500 soared 5% to end at 2,467.70, and the Nasdaq rose 5.8% to 6,554.36. That rally came after a brutal selloff in a shortened Christmas Eve session on Monday. On Thursday, the Dow rose 260.37 points, or 1.1%, to end at 23,138.82, after dropping as much as 611 points intraday. In corporate news, shares of Tesla surged by more than 5% after the company announced Oracle Corp. ORCL, -0.33% CEO Larry Ellision and Walgreens Boots Alliance WB, -0.03% ) executive Kathleen Wilson-Thompson had been named to its board.

https://www.marketwatch.com/story/st...931-2018-12-28

23,000 + as of today and this is worse than in December 31? Oh, I don't think so.

Originally Posted by Judy

23,000 + as of today and this is worse than in December 31? Oh, I don't think so.

Dow, S&P 500 set for worst December since 1931

What makes it "worse"? The stock market is strong, the economy is strong, everything is great. So what are these people talking about?

Originally Posted by Judy

What makes it "worse"? The stock market is strong, the economy is strong, everything is great. So what are these people talking about?

"Despite the upbeat moves, the indexes are all poised for annual losses for the first time since 2008, with Dow and S&P 500 on pace for their worst December since 1931, according to Dow Jones Market Data. The market's swing come against a backdrop of anxieties about the global economy, Federal Reserve interest-rate increases and trade-war jitters that have created a cocktail of concerns that have undercut investors' confidence."

It is what it is.

US stocks post worst year in a decade as the S&P 500 falls more than 6% in 2018