U.S. stocks finished the year with a loss for the first time since 2008. Market participants worried primarily about the possibility of an economic slowdown in the coming year and an aggressive Federal Reserve continuing to normalize monetary policy through continued rate hikes. Yields on the fixed income benchmark 10-year Treasury dropped from around 3.23% in November to 2.68% by the end of the year. Oil prices were also down from their calendar-year peak to close below $50 per barrel by year end.
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