December 31, 2008 at 3:06 pm by Tom Lydon
The most tumultuous year for the markets and exchange traded funds (ETFs) has come to a quiet, but positive, close.
The Dow Jones Industrial Average ended 2008 with a two-day winning streak, but was still down for the year by 33.8%. It was the Dow’s worst annual performance since 1931, when the Great Depression was in full force. The S&P 500 this year lost 38.5%, while the Nasdaq fell 40.5%.
For the month of December, the Dow was up 7.7%, S&P 500 closed up 10.7% and the Nasdaq rose 12.8%.
European markets gained about 20% this month. Asia rose about 16%, and Latin America gained about 14.9%. The top sector for the month was gold miners, which rose 50.6%. The weakest sector was oil, which lost 18.9%.
Click here to read our full December performance report.
Tags: Asia, Dow Jones Industrial Average, Energy, Europe, Gold Miners, Latin America, NASDAQ, Oil, S&P 500, Sector ETFs
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