The final numbers are in: 2019 was the best year for stocks in 6 years!
The S&P finished the year with a 28.9% gain.
The NASDAQ saw an impressive 35.2% gain for the year.
And the DOW wasup 22.3%.
Here’s what traders focused on in 2019:
Trade – The trade war between the U.S. and China pushed stocks back and forth this year. And the numbers don’t look too hot. One study found that tariffs have cost the U.S. $42 billion. Today, President Trump announced that the Phase One deal will be signed on January 15th at the White House followed by a trip to Beijing to begin Phase Two talks.
The Fed The Fed cut rates three times this year, and the rate cuts helped stabilize the economy. The Fed plans to leave rates unchanged in 2020, but will keep a close eye on inflation.
Apple (AAPL) was the best performing stock in the DOW this year with an 86.2% gain.