S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) finished the shortened session today down 120.8 points or down 1.78% to 6,684.1 points.
The tough day doesn't deny what has been a very strong year for the ASX 200, finishing up 18.4%.
Of the 253 trading days in 2019, there were only 5 worse than today in percentage terms.
- August 5 -1.90%
- August 6 -2.44%
- August 15 -2.85%
- October 3 -2.21%
- December 3 -2.19%
The gold stocks were some of the only stocks posting positive trading days with most of the ASX registering as red on the day.
Pre-market: S&P/ASX 200 futures pointing to down day as US investors take year-end profits
ASX 200 futures are pointing to a down day to end the year as markets in the US fell overnight suggesting investors were taking some profits.
The S&P 500 Index (INDEXSP:.INX) closed down 18.73 or -0.58% to 3,221.29 and the Nasdaq Composite (INDEXNASDAQ: .IXIC) closed down 60.62 or -0.67% to 8,945.99.
Both indices have been trading at all-time highs earlier this week capping off a very successful year for stocks in 2019.
The AUDUSD continues its recent strength, up 0.26% over the past 24 hours to 0.6995 - this will likely add more downward pressure to today's session.
Gold also continues to creep higher over December trading at its high for the month of around US$1,518 per ounce while WTI Crude Oil was down 0.19% to US$61.60 per barrel.
There is no economic data set for release in Australia today and the market will close early at 2.10pm AEST.