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Midday Market Update

2016: A Good Year for the Market

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U.S. Markets
U.S. indexes opened the last trading day of the year in the red. The Dow Jones Industrial Average, which gained about 14% this year, was down by 0.03%. Nasdaq was down about 0.57%. The S&P 500 was down 0.16% at 2,245.61.

The small-cap index is set to beat all major indexes with a 19.6% gain in 2016. The S&P 500 is looking to end the year just shy of a 10% gain. Within the S&P 500, chipmaker  NVIDIA (NVDA) is set to be the winner with a gain of approximately 230% this year. The year 2016 was also a good one for the semiconductor industry. The PHLX Semiconductor Index was up more than 40% this year.  First Solar (FSLR),  Under Armour (UA), and  TripAdvisor (TRIP) were some of the biggest losers this past year.

Manjul Bhusal Sharma does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.