S&P 500 Erases Monthly Gain on Final Day of 2014 Trading
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U.S. stocks fell, erasing December’s gains for the Standard & Poor’s 500 Index and paring an annual advance after equity gauges reached all-time highs.
The Standard & Poor’s 500 Index fell 1 percent to 2,058.90 at 4 p.m. in New York, erasing its monthly increase. It finished the year with an 11 percent gain. The Dow Jones Industrial Average lost 160 points, or 0.9 percent, to 17,823.07. About 5.2 billion shares changed hands on U.S. exchanges, 25 percent below the three-month average. Equity markets will be shut tomorrow for the New Year’s Day holiday.