U.S. Stocks Decline in Final Day of Trading as Tech Shares Fall

Markets Winners and Losers: A Look Back at 2016

U.S. stocks slid on the last trading day of 2016 as losses in tech shares and discretionary companies weighed on the market. For the year, the S&P 500 climbed 9.5 percent, while the Dow Jones Industrial Average surged 13.4 percent for its best rally since 2013.

The S&P 500 dropped 0.5 percent Friday to 2,238.83 at 4 p.m. in New York, capping a weekly decline of 1.1 percent. The Dow Jones Industrial Average lost 57 points to 19,762.60.

  • Nine of 11 sectors lower with financial stocks up 0.2%
  • VIX advanced for sixth straight session to highest level since Dec. 2
  • The U.S. benchmark has outperformed those of Europe, Japan and China this year on the back of a rally in energy producers, banks and other cyclical industries investors see benefiting from an accelerating economy and fiscal stimulus
  • The S&P 500 climbed for the fourth out of five years, after last year’s decline
  • The Dow has failed to reach the 20,000 level after closing within 30 points of it last week
  • For the past five years, the S&P 500 Index has reversed direction in the first week of January from the last week of December, as year-end issues from tax liability to reporting deadlines prodded some U.S. investors to delay moves to the new year; benchmark is down 0.6% this week through Thursday
  • EARNINGS: none

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