U.S. Stocks Rally to Cap Best Year Since 2013: Markets Wrap

S&P 500 rises, notching 29% gain for year; Treasuries slump
Many major markets shut or trading with reduced hours

In a stunning turn of events in a saga that began with his shock arrest in Tokyo just over a year ago, Carlos Ghosn, the fallen automotive titan facing trial in Japan for financial crimes, fled to Lebanon.Source: Bloomberg.

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By Vildana Hajric

December 30, 2019 at 9:39 PM UTC

Updated on

December 31, 2019 at 9:08 PM UTC

This article is for subscribers only.

U.S. stocks capped one of the best years of the past decade with a slight gain, pushing the S&P 500 to an annual advance of 29% and a record $5.9 trillion in value added. The dollar fell for a fourth session and Treasuries slumped.

The Nasdaq 100 Index notched a 38% gain for the year, its best since 2009. Bloomberg’s dollar index was set to end the year lower by about 1% after a 2.9% slump in the fourth quarter. Ten-year Treasuries yielded 1.92%, down more than 75 basis points in the year.