Stocks Stellar in 2023 Despite Last-Day Stumble

The SPX remains just points away from record highs

Managing Editor
Dec 29, 2023 at 4:26 PM
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The 2023 trading year is officially in the books. Despite a late-afternoon push, the Dow, S&P 500, and Nasdaq all finished lower on the day. That's about the only 'in the red' to be found, as all three major indexes locked up outsized weekly, monthly, quarterly, and annual wins.

The Dow, S&P 500, and Nasdaq have not logged a weekly loss since late October, while the lattermost turned in its best year since 2020. After topping 5% in October, the 10-year Treasury yield closed at a subdued 3.86%, while Wall Street's "fear gauge," the Cboe Volatility Index (VIX) wrapped up its worst annual return since 2019. 

Continue reading for more on today's market, including:

 Closing Indexes Summary Dec 29

NYSE and Nasdaq Stats Dec 29

5 Things to Know Today

    1. The artificial intelligence (AI) impact on the political landscape. (MarketWatch)
    2. Drug prices could be about to go up. (CNBC)
    3. Nvidia stock won the Big Tech rat race in 2023.
    4. This EV stock is back from the dead.
    5. Special Report: Click here for Schaeffer's Top Stock Picks for 2024.

    2023 Stock Market PerformanceUnusual Options Activity Dec 29

    Commodity Roundup 2023: Oil, Gold in Opposite Directions

    Oil prices rose today, but consistent demand concerns all year led to a loss in 2023, marking black gold's first since 2020. Today, West Texas Intermediate (WTI) crude for February delivery added 42 cents, or 0.6%, to finish at $72.19 a barrel. Despite a modest win in December, the commodity suffered a roughly 20% loss for the quarter and a 10% drawdown on the year. 

    Gold prices settled lower today, with February-dated gold futures shedding 0.6%, to settle at $2,071.80 per ounce. December-dated gold settled higher on Wednesday for a monthly win, while the safe-haven asset added 14% in 2023 based on the most actively-traded contract.

     

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