Stocks ended the year on a sour note, with the S&P 500, Nasdaq 100, and Russell 2000 all falling. All sectors traded lower. Tech was the hardest-hit sector ETF and every Magnificent 7 stock fell as well.
Despite falling for the past four sessions, the S&P 500 posted a 2.4% gain for the quarter, and was essentially flat for the month of December. With a 16% annual gain and 39 record closing highs, this is the third-consecutive winning year for the benchmark index, though the Nasdaq 100 fared even better, with a 20% gain.
