Stocks Skid at End of Best S&P 500 Run Since 1990s: Markets Wrap
- A broad gauge of US Treasuries eked out a small annual gain
- European natural gas prices rise on concern over Russian flows
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A string of volatile sessions for US stocks extended into 2024’s last day, marking an ominous close to an otherwise stellar year for North American equity investors.
The S&P 500 and the Nasdaq 100 dropped for a fourth consecutive session in a year-end pullback that has shaved more than a trillion dollars from large-cap market values. Still, losses remain just a blip in a advance that has lifted the S&P 500 more than 50% since the start of 2023, the best two-year gain since the late 1990s.