December 30 – January 3 Recap
Airstrike Stirs Weekly Loss
U.S. markets popped the corks early on New Year’s Eve, celebrating that U.S. benchmark equites posted their best year since 2013, extending the longest bull market in history. Yet stocks finished the week slightly lower after President Trump approved a military airstrike in Iraq that killed Iranian top general Qasem Solemani, prompting the largest single-day decline in a month on Friday for the S&P 500.
For the week, the Dow Industrials slipped 0.04%, the S&P 500 fell 0.12%, and the Nasdaq Composite gained 0.18%. The S&P 500 gained 31.49% in 2019 and over the 2010’s decade surged 256%.
The Weekly Recap is published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.
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