Despite posting gains to close out the year Monday the stock markets experienced their worst annual loss in 10 years.
Dec. 31 (UPI) — Despite posting gains to close out the year Monday the stock markets experienced their worst annual loss in 10 years.
The Dow Jones Industrial Average was up 265.06 points, or 1.15 percent, at the end of trading Monday, while the S&P 500 and the Nasdaq Composite both rose 0.85 percent, but all three indexes were down for 2018.
On the year the Dow fell 5.6 percent, the S&P 500 was down 6.2 percent and the Nasdaq fell 4 percent, CNN reported .
December was one of the worst months as the S&P 500 lost 9 percent and the Dow fell 8.7 percent, including a seven-day stretch in which the Dow fell by 350 points or more six times.
Both indexes recorded their worst December performance since the Great Depression in 1931 and worst single monthly loss since February 2009, according to CNBC .
