Economics
U.S. Stocks End Worst Year Since Financial Crisis: Markets Wrap
- S&P 500 rises in last session, ends 2018 lower by 6.2 percent
- Dollar trims yearly gain, 10-year yield slumps to 2.68 percent
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U.S. stocks ended the worst year since the financial crisis with a narrow gain in thin pre-holiday trading. Treasuries rose to a 10-month high.
The S&P 500 finished a choppy session higher and the Nasdaq Composite capped its first four-day advance since August amid optimism that President Donald Trump will move toward a trade deal with China. The advance trimmed the worst December rout for the S&P 500 since 1931 to 9.2 percent. That monthly rout capped a 6.2 percent slide in the year, the biggest of the record bull market.