Share

USA stocks edge lower; S&P 500 goes red for the year

All of the 10 sectors in the S&P 500 index were down, led by a 0.9% decline in consumer staples stocks, a category that includes Coca-Cola and Procter & Gamble.

Advertisement


Ramadi residents emerge from rubble
It had also created tension with Falluja residents as well as provoking clashes with Sunni tribes. Around 70,000 families have taken refuge in camps around Baghdad.

“Apple is caught between being a growth stock and being a value stock and it’s caught in the abyss”, said John Augustine, chief investment officer at Huntington Wealth & Investment Management. The year’s last day featured seesaw moves as energy producers in the benchmark index advanced with oil after erasing an early drop, though the group capped its biggest annual retreat in seven years.


Alabama Blows Out Michigan State 38-0
Cook was sacked four times, intercepted two times, and looked uncomfortable in completing only 19 of 39 passes for 210 yards. And that was the most important thing, and there wasn’t anything else that – it wasn’t a bowl game to go have a good time.

Frederick had predicted the market’s first three hours would determine the direction for stocks with traders likely to end the session as early as they can. Four years ago the index had an even more meager return of 2.1 percent.


Manuel Pellegrini on victory over Sunderland and Vincent Kompany’s injury
Skipper Vincent Kompany will miss Manchester City’s trip to Leicester on Tuesday after suffering a recurrence of a calf injury . But if you review how many games we played over the last two seasons, I think Vincent played in a maximum 70 per cent of them.

GAINERS & LOSERS: DTE Energy declined the most among companies in the S&P 500, shedding $1.44, or 1.8 percent, to $80.10. In Asia, the Shanghai Composite Index lost 0.9 per cent, while Hong Kong’s Hang Seng gained 0.1 per cent.

Despite a volatile year that saw the major US averages plunge more than 10 percent, the indexes ended about 5 percent or less away from their record intraday highs.

– The last time the Dow posted an annual decline was 2008, when it fell 34%.

On Thursday, the Dow fell 178.84, or 1 percent, and closed at 17,425.03. With dividends included, the index was up slightly for 2015, but its performance amounted to the worst return for the index since 2008. European stocks rose steadily in the first half of the year, but lost much of that momentum in late August as concerns over a slowdown in China hit commodity prices and emerging markets, while uncertainty around the timing of the Federal Reserve’s first interest rate rise in almost a decade left many investors cautious.

In economic data, the Chicago Purchasing Managers’ Index (PMI) came in at 42.9 for December. “We may see more downside in the economy”, she said. Gold prices rose $1.50, or 0.1%, to $1,061.30, but were looking a monthly and yearly fall. The dollar fell to 120.21 yen from 120.55 yen, while the euro fell to $1.0859 from $1.0924. The Nasdaq Composite fell 1.2%.

– The energy sector was the biggest decliner in the S&P 500, falling 24%.

Advertisement

Trading volumes are expected to be thin for the day, and data points sparse, with traders closing off positions for 2015. On that day, the stake was worth $US5.82 billion. But while the Nasdaq was the bright spot this year, the S&P 500 may regain ground in 2016 “as a reverse in oil prices in the later part of the first quarter is a possibility”, said Peter Cardillo, chief market economist at First Standard Financial Company, in emailed comments.

Traders work on the floor of the New York Stock Exchange