U.S. Indexes Close With Worst Yearly Losses Since 2008
Stocks rise on the year’s final trading day, but not enough to offset bruising last few weeks of selling
U.S. stocks drifted higher Monday but closed out 2018 with their steepest annual declines since the financial crisis, reflecting growing unease among investors about the health of the nearly decade-long bull run.
Trading was quiet heading into the New Year’s Day holiday. Major indexes got a lift early Monday as investors eyed signs of progress in trade negotiations between the U.S. and China. President Trump tweeted over the weekend that he and Chinese President Xi Jinping had made “big progress” in talks that are due to...