Business

This volatile market year was full of historical milestones and the end of the year will be no different for a key stock index.

For the first time ever, the S&P 500 will end the year with a loss after being positive for the first three quarters. The benchmark index was up 9 percent through the first three quarters of the year. Then the October sell-off began. The S&P 500 fell 7 percent in October and accelerated those losses this month, in what is likely to be the index’s worst December performance since the Great Depression.

Read More: Here are the best and worst performing stocks of this tough and volatile year for the market

The S&P 500 is set to end 2018 down nearly 7 percent. The fourth-quarter sell off flies in the face of history, as the last three months are typically the strongest time of the year for the markets.

Products You May Like

Articles You May Like

Nike says it is changing contracts to protect star athletes’ pay during pregnancy
Nvidia sees brief pop after earnings beat
These are the 10 most affordable vacations in the US
There’s a hidden cost to your 401(k)
Seven comeback stocks that investors could pounce on: Cramer

Leave a Reply

Your email address will not be published. Required fields are marked *