Despite Wall Street’s worst start to a year ever, the U.S. stock market bounced back and posted solid gains in 2016, with small stocks leading the charge higher in a rally that gained steam after Donald Trump was elected president on Nov. 8.
The benchmark Standard & Poor’s 500 stock index, which is filled with America’s largest companies, rose 9.5% to 2238.83 in 2016, despite a 0.5% drop on the final trading day of the year. The index rose for the fourth time in five years after kicking off the first week of 2016 with a 6% drop and sinking as much as 10.5% at its low for the year in mid-October.
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