$64.34 -0.4  -0.6%

Market Cap £n/a
Enterprise Value £n/a
Revenue £n/a
Position in Universe th / 6827

RPT-BUZZ-U.S. stocks: Cheers to the end of a wild 2020

Mon 4th January, 2021 11:06am
(Repeats from Live Markets on Thursday with no changes to text.
Revises formatting)
    ** The S&P 500  .SPX  rallied 16.3% in 2020 to gain for a
second straight year. That said, amid the global pandemic, it
was one wild year
    ** The SPX, and Dow  .DJI  traded in their widest ranges as
a percentage of their prior year's closes since 2009. The Nasdaq
 .IXIC  gyrated in its biggest yearly range since 1999
    ** Indeed, the SPX had some notable swings in 2020 including
a 35% collapse into its March trough, and then a more than 70%
surge into December's high*:nL1N2JA0UP*:nL1N2IO11S
    ** In any event, 60% of SPX components finished in positive
territory for the year vs around 90% in 2019*:nL1N29700J
    ** The DJI ended up 7.247% in 2020, which was its weakest
rise since a 5.5% gain in 2011. The Nasdaq advanced 43.6%, which
was its best gain since a 43.9% rise in 2009. The small-cap
Russell 2000  .RUT  closed up 18.4%
    ** Seven of 11 major S&P 500 sectors advanced. Tech
 .SPLRCT  was the best performer with a 42.2% jump
    ** Energy  .SPNY  was the worst performing group for the
year, and with a 37.3% decline, it logged the biggest yearly
collapse in its history*:nL1N2JA1CO*:nL1N2JA273
    ** FAANG stocks continued to move markets in 2020 with the
NYSE FANG+TM index  .NYFANG  rallying 103%.*:nL4N2JB1XE Despite
its strong rise, NYFANG actually bowed to a number of other
specialty groups this year. For example, the Renaissance IPO ETF
 IPO.P  was up 107%, the Global X Lithium & Battery Tech ETF
 LIT.P  gained 126%, and the WilderHill Clean Energy ETF  PBW.P 
surged 202%*:nL1N2IO23X
    ** Bond-proxy sectors staples  .SPLRCS , utilities  .SPLRCU 
and real estate  .SPLRCR  were among the year's laggards. This
even though the US 10-year Treasury yield  USYT10=RR  plunged
from 1.91% to 0.92%
    ** Financials  .SPSY  turned in a losing year with banks
 .SPXBK  weak. The SPXBK lost nearly 17%
    ** Although only joining the S&P 500 late this year, Tesla
 TSLA.O  was the index's best performing individual stock with a
gain of 743%.*:nL4N2JB1U5 Conversely, Occidental Petroleum
 OXY.N  and cruise line operator Carnival  CCL.N , amid the
pandemic, were the biggest losers, both off nearly 58%
    ** On the IPO front, the hotly anticipated debut of home
rental firm Airbnb  ABNB.O  in December capped a year that paid
out big for investors*:nL1N2IR00T. And SPACs (special purpose
acquisition companies) hit the jackpot, accounting for nearly
half of the overall amount raised*:nL4N2JB1P8
    2020 S&P 500 sector changes:            
 (Lance Tupper and Terence Gabriel are Reuters market analysts.
The views expressed are their own)
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.