Yesterday, December 31, all 11 of the sectors that make up the Standard & Poor’s 500 closed higher for the year. That’s the first time that’s happened since 2010.
For the year the S&P 500 itself gained 29%. The Dow Jones Industrial Average rose 22.3%. The NASDAQ 100 was up 38% of the year, its best performance since 2009. The NASDAQ Composite Index gained 35.2% in 2019.
Gold closed with its best year since 2010 as well. The U.S. dollar dropped 1% in 2019 after slumping 2.9% in the fourth quarter. The yield on the 10-year Treasury closed at 1.92%, down more than 75 basis points in the year on interest rate cuts from the Federal Reserve.
Among technology stocks Nvidia (NVDA) gained 1.28% in the session on an analyst upgrade. For 2019 Nvidia returned 74.50% after a gain of 33.56% in the last three months of the year. That’s quite a turnaround from the stock’s 3018% loss in 2018 and nearly matches the 82% gain in 2017.
Cannabis stocks were among the day’s strongest performers with Canopy Growth (WEED), up 11.42 for the day.
