Wall Street closes 2014 with an apparent loss

On Wednesday the last trading day of 2014 New York’s stock exchange closed with a clear loss. The trading volume was very low because many investors are on leave. At New Year’s day New York’s stock exchange is closed just like in Europe.
The Dow-Jones index ended 0.9 percent lower at 17823.07 points. The S&P500 fell 1 percent to 2058.90 points and the technology exchange Nasdaq fell 0.9 percent in the red at 4736.05 points.
The Dow and the S & P broke record after record this year and are respectively 7.5 and 11.4 percent higher than at the end of 2013. The Nasdaq gained 13.4 percent this year. The value of US stocks rose with about $ 1,100 billion 906 billion euros according to Bloomberg’s calculations.

The exchanges were helped by the recovery of the US economy and the loose monetary policy of the Federal Reserve. The promise of the Fed at which time the interest rate can be increased is being watched patiently and gave the stock market a new impetus in recent weeks.
Within the S&P500, Southwest Airlines was the absolute star with a price increase of nearly 124 percent in the past year. Transocean, the owner of rigs, was the worst performing fund in the S&P500 with a decrease of over 62 percent.

US economy
On the last trading day of 2014 Wall Street still had to deal with some figures on the US economy. Last week the jobless claims in the United States went up more than economists had expected and the economic activity in the region around Chicago fell in December. The provisional home sales in the US on the other hand showed slightly better figures than predicted.

Oil prices kept their downward trend. The price of Brent fell 1 percent to $ 57.33. US oil fell 0.6 percent to $ 53.79 per barrel. Oil prices have more than halved last six months, the sharpest drop since 2008.

The euro was quoted at 1.2101 dollars against 1.2145 dollars at the close in Europe. Early this year the European currency was still worth about $ 1.38. Earlier this month the price dropped for the first time in over two years to less than $ 1.22.