The New York Stock Exchange today closed its last session of 2018, a year of great volatility in which Wall Street went from registering records in its stock indicators to mark its worst twelve months in a decade, due to the fear of a slowdown in the economy global.
Between January and December, the Dow Jones remained at around 5.6%, the S & P 500 at 6.2% and the Nasdaq at 3.9%, the worst drops since 2008, when the three indices were left at 33, 8%, 38.5% and 40% respectively.
The Dow Jones, which in January linked nine historical brands, closed the last session of 2018 with 23,327.46 whole, far from the 26,951.81 points to where the ceiling of the main indicator of the New York Stock Exchange reached.
On the other hand, as the analysts point out, the Dow and the S & P 500 went into losses after three consecutive years of gains, while the Nasdaq had not seen the red numbers for a six-year period.
If at the end of August, Wall Street celebrated to be living the longest upward cycle in history, since March 9, 2009, in September things would start to go wrong for investors.
Undoubtedly, the last quarter of the year was the worst for the parquet with double-digit losses for all indices. In the last months of the year, the Dow left more than 11%, the S & P 500 almost 14% and the Nasdaq 17.5%.
And in this period, December took all the negative records marked by high volatility and sharp rebounds that led the three indices to register drops of more than 8%.
Only in December, the Dow Jones recorded four days with losses above 500 points on day 4 of 799 and three others with setbacks above 400.
The stock exchange rollercoaster was also reflected in the rebound of December 26, in which the industrial index closed with a gain of 1,086 points.
The four-fold rise in interest rates imposed by the Federal Reserve (Fed), the last this December, were received as jugs of cold water by investors, who see the cost of loans as a danger to the market.
Threat incarnated in the president of the United States, Donald Trump, very critical of these measures.
"I hope that people in the Fed read the Wall Street Journal today before making a new mistake, and do not let the market become less liquid than it already is," Trump said in his Twitter account before On December 19, the Fed announced its latest increase in rates between 2.25% and 2.50%.
But the rise in rates has been just one of the factors that have weighed the New York parquet, stalked in the last part of the year by other fears that have ended up beating the mood of investors.
The trade crisis between the United States and China, which is at a standstill after the decision of both countries, during the last G20 summit in Buenos Aires, to take three months to negotiate, has been another of the causes that have weighed the capitalization of companies.
The news about possible advances or setbacks in the contacts have been setting the pace of the park, which just closed the year in green in reaction to a final optimistic statement by Trump about these talks.
The partial suspension of the US Administration due to a lack of agreement between Republicans and Democrats on budgets has also weighed on Wall Street exchanges.
But above all, the great shadow that plans over the economic district of New York is the fear of a slowdown in the global economy, as anticipated by some forecasts and on which could directly affect a possible failure of the negotiations between Washington and Beijing .
Some fears that although seem to have been mitigated in the last session of the year, will be inherited by 2019.