Here's what happened to the stock market on Thursday

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Both the S&P 500 and the Nasdaq notched their biggest annual percentage gains since 2013, while the Dow closed 2019 with its biggest yearly percentage gain since 2017. Those concerns helped fuel a sell- off in the final quarter of 2018 that knocked the S&P 500 almost 20 per cent lower by December of that year.

The US stock market ended the year 2019 with a spike and various industries registered modest gains on the last day of 2019. In 2019, the current bull run in USA stocks became the longest one on record as trade optimism, dovish monetary policy and an improving economic outlook fueled sharp gains.

Apple shares rose 0.73 percent, while pharmaceutical company Mylan led the S&P 500 with an increase of 3.5 percent.

The broad-based S&P 500 gained 0.8 per cent to 3,257.85, while the tech-rich Nasdaq Composite Index jumped 1.3 per cent to 9,092.19, its biggest single-session gain in almost three months.

The Dow (INDU), S&P 500 (INX) and Nasdaq Composite (COMP) indexes are all ending 2019 near all-time highs and have rallied more than 20% each.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.89% from 1.87% late Friday.

Stocks face several obstacles to growth in the new year: The Federal Reserve has stopped cutting interest rates.

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Goldman Sachs Group was among the big gainers in the financial sector, climbing 1.9%. On Thursday, the ETF closed 2.3% higher.

The Benchmark United States crude oil lost 62 cents to settle at $61.06 per barrel.

Shares of the electric vehicle maker jumped more than 1.6% in the premarket after an analyst at Canaccord Genuity hiked his price target to $515 per share from $375 per share. Brent crude oil, the worldwide standard, rose 25 cents to close at $66.25 a barrel.

In other commodities trading, wholesale gasoline fell 3 cents to $1.70 per gallon. Shares of Wynn Resorts Ltd, Las Vegas Sands Corp and Melco Resorts & Entertainment Ltd rose between 2% and 4%.

It was the first trading day of the new year and Wall Street picked up right where it left off in 2019. Heating oil slipped a penny to $2.03 per gallon.

Gold prices hiked $7.80 at $1,530.90 U.S.an ounce.

The dollar fell to 108.55 Japanese yen from 108.72 yen on Wednesday. Investments started previous year at a low point after recession worries crushed the markets in late 2018.

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