Stocks Fall on Last Day of 2014
Despite falling on the last day of the year, U.S. stocks had an overall good year. In 2014 the Dow gained 7.5%, the S&P 500 is up 11.4% and Nasdaq rose 13.4%. These gains led Wall Street to its third straight year of three-digit gains, for the first time in over 10 years. The utility sector proved to be the best performing sector of the S&P 500 this year, while the energy sector was the worst performing sector. This comes as no surprise as gas prices continue to fall. Oil prices are now down to $53 a barrel and are expected by many to fall even further.