As the stock markets closed for the last day of this year, investors were happy to see the year come to a close. The market closed at 0.7 percent decline from the beginning of the year on 2nd January. Investors declared the year as one of the most disappointing as the stock markets never seemed to rise and were always on the decline compared to past trends.
Brad McMillan, Chief Investment Officer of Commonwealth Financial Network announced that this year was the first down year since 2011. This year was one without much volatility as there were no significant price movements this year compared to other years. The Dow industrials closed this year with a 5 percent drop its first in seven years. Investors, who followed leading trends this year, would have ended at prices lower than what they started at the beginning of the year. One major sector that performed badly this year is the energy sector. With the global drop in crude oil prices, the energy sector went down by 27 percent this year, making several investors lose their hard earned money.
However, technical giants such as Facebook, Amazon, Netflix and Google managed to provide returns for their investors. All these four companies ended the year with double digit gains with Amazon and Netflix gaining more than double of their last year’s gains. Bonds too fared poorly this year and closed at 0.4 percent lesser than last year.
However, analysts are hopeful that next year will be more positive. According to reports, improvements in the unemployment rate and increase in individual incomes, 2016 is set off to an upward path and the US economy continues to get back on its feet slowly but surely.