S&P 500 Falls 0.83% This Week to Seal First Losing Year Since 2011; Energy, Material Stocks Largest Losers in Commodities Rout
A mid-day rally quickly fizzled Thursday, dragging the S&P 500 underwater for its first yearly loss since 2011, slipping about 0.69% over the past 12 months to finish 2015 at 2,043.94. Energy stocks saw the steepest declines among the 10 sectors in the broad-based index, falling almost 22% this year following another 2.03% slide as a group this week. Materials and mining stocks also tumbled with the long retreat in commodities prices in recent months, losing 1.52% and 8.64% for the week and year, respectively.
But 2015 was far from a complete washout for equities, with shares of consumer discretionary companies racing to a 9.90% advance this year, closely followed by a 6.88% year-over-year gain for consumer staple stocks. Technology and health care companies also managed yearly advances, rising 5.54% and 6.84%, respectively, to keep the S&P 500 within close range of its break-even mark until shortly before today's closing bell.
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