U.S. stocks closed lower on lighter-than-usual trading ahead of the New Year’s Day holiday. The modest declines capped a sluggish 2015 for the market. The Standard & Poor’s 500 index ended the year down about three-quarters of a per cent. With dividends included, the index was up slightly for 2015, but its performance amounted to the worst return for the index since 2008.
The Dow Jones industrial average fell 178.84 points, or 1 per cent, to 17,425.03.
The S&P 500 index lost 19.42 points, or 0.9 per cent, to 2,043.94.
The Nasdaq composite shed 58.43 points, or 1.2 per cent, to 5,007.41.
For the week:
The Dow lost 127.14 points, or 0.7 per cent.
The S&P 500 index shed 17.05 points, 0.8 per cent.
The Nasdaq gained 41.08 points, or 0.8 per cent.
For the year:
The Dow lost 398.04 points, or 2.2 per cent.
The S&P slid 14.96 points, or 0.7 per cent.
The Nasdaq rose 271.36 points, or 5.7 per cent.