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December 29, 2018 – Weekend Market Comment

December 29, 2018 – The Dow Jones Industrial Average closed slightly lower on Friday as Wall Street concluded a roller-coaster week.

The 30-stock index ended the day down 76.42 points at 23,062.40. At its high of the day, it rose as much as 243.06 points; it fell as much as 155.26 points. The S&P 500 closed 0.1% lower at 2,485.74, led by losses in the energy sector, rising as much as 1.26% The NASDAQ  eked out a gain of 0.1% to end at 6,584.52, but closed off its session high. Gains in Apple, Amazon and Netflix lifted the tech-heavy NASDAQ.

For the week, the important averages all rose at least 2.75%, notching their first weekly gain in four. Stocks are still, however, on track for their worst December performance since 1931. The S&P 500 was down 9.9% for the month while the Dow has lost 9.7%




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