Global stocks generated the best returns in a decade, boosted by aggressive central bank stimulus and easing trade tensions toward the end of 2019. U.S. stocks soared to record highs in December as the U.S. and China agreed to a limited trade truce.
Technology stocks posted the highest returns for the year with a gain of nearly 48% in aggregate. The next best sector, industrials, rose 28% amid an improving outlook for trade activity and global economic growth. All sectors enjoyed double-digit gains for the year, although energy stocks lagged far behind the overall market.
Equity Index Returns (%)