Trade war, profits, marijuana: Markets saw it all in 2018
December 28, 2018
Wall Street started 2018 strong, buoyed by a growing economy and corporate profits. It isn't ending that way.
U.S. stocks climbed to new highs early, shook off a sudden, steep drop by spring and rode a wave of tax cut-juiced corporate earnings growth to another all-time high by September. Then the jitters set in.
Investors grew worried that the testy U.S.-China trade dispute and higher interest rates would slow the economy, hurting corporate profits. A slowing U.S. housing market and forecasts of weaker global growth in 2019 stoked traders' unease.
In October the market entered a volatile s...