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Bull Market Overcame Virus Waves, Fed Pivot in Tempestuous 2021

  • U.S. stocks post double-digit percentage jump for a third year
  • Crypto, commodities shine but many bond investors nurse losses

A turbulent year in markets is coming to a close having rewarded investors who embraced risk despite worries about new coronavirus variants and shifts in monetary policy.

The S&P 500 Index ended the last trading day of 2021 with a drop of 0.3% that still left the equity benchmark 27% higher for the year and boasting no less than 70 record closes.