Stocks ended 2021 on a weak note Friday, but still managed to end the year with big gains
Wall Street ended 2021 on a weak note Friday but still managed to end the year with big gains.
The S&P 500 slipped 0.3%. It wound up with a yearly gain of 26.9%, nearly as big as its gain two years ago, just before the pandemic set in. The S&P 500 notched its latest record high on Wednesday, its 70th of the year.
Company profits came in strong this year as the economy reopened, but the fast-spreading omicron variant and the looming end of the Federal Reserve’s easy-money policies are overhangs for investors going into the new year.
The S&P 500 fell 12.55 points, or 0.3%, to 4,766.18.
The Dow Jones Industrial Average fell 59.78 points, or 0.2%, to 36,338.30.
The Nasdaq fell 96.59 points, or 0.6%, to 15,644.97.
The Russell 2000 index of smaller companies fell 3.48 points, or 0.2%, to 2,245.31.
For the week:
The S&P 500 rose 40.39 points or 0.9%.
The Dow rose 387.74 points or 1.1%.
The Nasdaq fell 8.40 points or 0.1%.
The Russell 2000 rose 3.74 points or 0.2%.
For the year:
The S&P 500 rose 1,010.11 points or 26.9%.
The Dow rose 5,731.82 points or 18.7%.
The Nasdaq rose 2,756.69 points or 21.4%.
The Russell 2000 rose 270.46 points or 13.7%.