Stocks Slip on Final Trading Day, But Wall Street Ends Year with Strong Gains

Despite slipping on the final trading day of the year, Wall Street celebrated a surprisingly robust year with substantial gains. The benchmark S&P 500 index closed 2023 with a 24.2 percent increase, while the Dow Jones Industrial Average rose over 13 percent. The Nasdaq experienced a remarkable surge of 43 percent, driven by the impressive performance of tech giants like Nvidia, Amazon, and Microsoft.

Mixed Treasury Yields and Stable Crude Oil Prices

Treasury yields showed mixed results, while crude oil prices remained relatively stable.

Friday’s Market Performance

On Friday:

• The S&P 500 fell 13.52 points, or 0.3 percent, to 4,769.83.
• The Dow Jones Industrial Average fell 20.56 points, or 0.1 percent, to 37,689.54.
• The Nasdaq composite fell 83.78 points, or 0.6 percent, to 15,011.35.
• The Russell 2000 index of smaller companies fell 31.26 points, or 1.5 percent, to 2,027.07.

Weekly Performance

For the week:

• The S&P 500 is up 15.20 points, or 0.3 percent.
• The Dow is up 303.57 points, or 0.8 percent.
• The Nasdaq is up 18.38 points, or 0.1 percent.
• The Russell 2000 is down 6.89 points, or 0.3 percent.

Yearly Performance

For the year:

• The S&P 500 is up 930.33 points, or 24.2 percent.
• The Dow is up 4,542.29 points, or 13.7 percent.
• The Nasdaq is up 4,544.87 points, or 43.4 percent.
• The Russell 2000 is up 265.83 points, or 15.1 percent.

The Epoch Times copyright © 2023. The views and opinions expressed are those of the authors. They are meant for general informational purposes only and should not be construed or interpreted as a recommendation or solicitation. The Epoch Times does not provide investment, tax, legal, financial planning, estate planning, or any other personal finance advice. The Epoch Times holds no liability for the accuracy or timeliness of the information provided.