Stocks finished the year flat, but investors rode a roller coaster.
By ALEX VEIGA Associated Press
The U.S. stock market took investors for a wild ride in 2015, but in the end it was a trip to nowhere.
"If you went to sleep on Dec. 31, 2014, and woke up today, you'd say what a dull year it's been, and yet in between we've had these wild swings," said Donald Selkin, chief market strategist at National Securities in New York.
Despite veering between record highs and the steepest dive in four years, the stock market ended the year essentially flat, delivering the weakest performance since 2008. That means if you invested in a fund that tracks the Standard & Poor's 500 index, you have little to show for the past 12 months.
"It's been mildly disappointing," said Michael Baele, managing director at the Private Client Reserve at U.S. Bank. "Any time that you come in toward the end of the year close to flat, you always want a little bit more."
On Thursday, the Dow fell 178.84 points, or 1 percent, to 17,425.03. The S&P 500 index lost 19.42 points, or 0.9 percent, to 2,043.94. The Nasdaq composite fell 58.43 points, or 1.2 percent, to 5,007.41.
The S&P 500 ended the year with a slight loss of 0.7 percent. Once dividends are included, it had a total return of 1.4 percent, according to preliminary calculations. That's its worst showing since 2008, when it fell 37 percent in the midst of the financial crisis. That figure also includes dividends.