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S&P 500 ends at another record high as tumultuous 2020 ends By DAMIAN J. TROISE and ALEX VEIGA The Associated Press,Updated December 31, 2020, 4:09 p.m. Email to a Friend The New York Stock Exchange.Michael Nagle/Bloomberg Wall Street closed out a tumultuous year for stocks with more record highs Thursday, a fitting coda to the market’s stunning comeback from its historic plunge in the early weeks of the coronavirus pandemic. The benchmark S&P 500 index finished with a gain of 16.3 percent for the year, or a total return of about 18 percent, including dividends. The Nasdaq composite, pow...

“We came into the year expecting slow growth and it turned out to be the fastest bear market recovery in history,” said Sunitha Thomas, national portfolio advisor at Northern Trust Wealth Management. The virus pandemic shocked markets early in the year. The S&P 500 fell 8.4% in February, then plunged 12.5% in March as the pandemic essentially froze the global economy. Businesses shut down in the face of the virus threat and tighter government restrictions. People shifted to working, shopping and doing pretty much everything else from home. The dire economic situation weighed heavily on al...