U.S. stock markets had their worst year since 2008. Equities finished the volatile year slightly lower than where they started, reducing expectations for 2016.
The Dow Jones industrial average ended the year down 2.2 percent and the Standard & Poor’s 500-stock index fell 0.7 percent. It marked the first year of losses for the Dow since 2008. The tech-heavy Nasdaq was the only major U.S. index to rise, gaining 5.7 percent.