DJIA Caps Off Six Consecutive Positive Years

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Equity markets finished 2014 on a quiet note, easing slightly off all-time highs but remaining comfortably in the black for the year. The DJIA has delivered six consecutive positive years, while the S&P 500 capped off its third. Yield on the benchmark ten-year U.S. Treasury finished the year around 2.2%, well below its end-2013 near 3%. The dollar ended 2014 near 11-year highs against a basket of major currencies. Oil prices, meanwhile, continued to weaken into year-end, leveling near five-year lows as it lost about half its value in the second half of 2014.

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