Original article by Georgi Kantchev, Akane Otani
The Australian – Page: 17 : 2-Jan-19
The Dow Jones Industrial Average shed 5.6 per cent in 2018, while the S&P 500 and the Nasdaq retreated 6.2 per cent and 3.9 per cent respectively. However, all three indices posted gains on the final day of the year, with the Dow rising by 1.1 per cent. Despite the late rally, Wall Street recorded its biggest annual loss since the global financial crisis. Geoffrey Yu of UBS Wealth Management expects further market volatility in 2019. Meanwhile, the UK’s FTSE 100 and the Stoxx Europe 600 both fell by 13 per cent during 2018, and the Shanghai Composite shed 25 per cent.
DOW JONES INDUSTRIAL AVERAGE INDEX, STANDARD AND POOR’S 500 INDEX, NASDAQ COMPOSITE INDEX, UBS WEALTH MANAGEMENT, FTSE 100 INDEX, STOXX EUROPE 600 INDEX, SHANGHAI COMPOSITE INDEX, NIKKEI 225 INDEX, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, UNITED STATES. DEPT OF LABOR, BOEING COMPANY, THE GOLDMAN SACHS GROUP INCORPORATED, CHICAGO BOARD OPTIONS EXCHANGE VOLATILITY INDEX