U.S. stocks closed lower on lighter-than-usual trading ahead of the New Year's Day holiday. The modest declines capped a sluggish 2015 for the market. The Standard & Poor's 500 index ended the year down about three-quarters of a percent. With dividends included, the index was up slightly for 2015, but its performance amounted to the worst return for the index since 2008.
The Dow Jones industrial average fell 178.84 points, or 1 percent, to 17,425.03.
The S&P 500 index lost 19.42 points, or 0.9 percent, to 2,043.94.
The Nasdaq composite shed 58.43 points, or 1.2 percent, to 5,007.41.
For the week:
The Dow lost 127.14 points, or 0.7 percent.
The S&P 500 index shed 17.05 points, 0.8 percent.
The Nasdaq gained 41.08 points, or 0.8 percent.
For the year:
The Dow lost 398.04 points, or 2.2 percent.
The S&P slid 14.96 points, or 0.7 percent.
The Nasdaq rose 271.36 points, or 5.7 percent.