The Shanghai Composite entered a bear market in June and has now declined nearly 25% since the start of the year. The market damage this year was most pronounced in China, where the world’s second largest economy is feeling the effects of a darkening trade outlook and government attempts to rein in risky lending after a rapid rise in debt levels. It’s the index’s worst performance since the global financial crisis, and a sharp reversal from a gain of nearly 25% in 2017. The FTSE All-World index, which tracks thousands of stocks across a range of markets, plummeted 12% this year. It had closed as high as $77.41 a barrel in late June, falling 41.3% from that peak.īrexit’s impact on the United Kingdom and Europe also worried investors, as did a slowdown in the Chinese economy. US crude closed up slightly Monday but ended the year down 24.9% at $45.41 a barrel. He tweeted a deal is “moving along very well,” calling negotiations “very comprehensive.”įear of an economic slowdown, as well as a supply glut, spooked the oil market this year. The market moved higher after President Donald Trump expressed optimism Saturday that the United States could strike a trade deal with China. The S&P 500 and Nasdaq each rose about 0.8%. On Friday, the Dow rose 265 points for the day. Volatility was been driven by signs of a global economic slowdown, concerns about monetary policy, political dysfunction, inflation fears and worries about increased regulation of the technology sector. The Dow has swung 1,000 points in a single session only eight times in its history, and five of those took place in 2018. The VIX volatility index spiked, and CNN Business’ Fear & Greed Index has been stuck in “Extreme Fear” throughout much of the year. The Dow also closed more than 1,000 points higher on December 26 - the first time it ever accomplished that feat.īut 2018 will be remembered for its extreme volatility. The S&P 500 set an all-time record on September 20, and the Dow closed at its record on October 3. It moved that much 64 times during the year.Ģ018 wasn’t all bad. The S&P 500 was up or down more than 1% nine times in December alone, compared to eight times in all of 2017. This year’s Christmas Eve was the worst ever for the index. ![]() In one seven-day stretch, the Dow fell by 350 points or more six times. A head-spinning, jaw-dropping 10 days on the marketĭecember was a particularly dreadful month: The S&P 500 was down 9% and the Dow was down 8.7% - the worst December since 1931.Why Washington is making Wall Street nervous.The best stocks of 2018 … and the worst.
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