Stock market indices wrapped up a mostly down day on Wall Street as the year came to a close, marking the end of a period of significant growth.

The S&P 500 index declined by 0.4% on Tuesday, but despite this drop, it finished the year with a robust gain of 23.3%. This marks the second consecutive year that the index has registered increases exceeding 20%. The last occurrence of such back-to-back substantial gains was in 1998.

Meanwhile, the Dow Jones Industrial Average experienced a slight decline of 0.1%, and the Nasdaq composite fell by 0.9%.

Leading the charge for this year’s market surge were major technology firms, which played a pivotal role in pushing the Nasdaq composite to a notable yearly increase of 28.6%. In contrast, the Dow Jones saw a more modest rise of 12.9% throughout the year, as its exposure to tech stocks is significantly less.

On Tuesday’s trading session:

The S&P 500 dropped by 25.31 points, equivalent to 0.4%, closing at 5,881.63.

The Dow Jones Industrial Average fell 29.51 points, or 0.1%, ending at 42,544.22.

The Nasdaq composite declined by 175.99 points, or 0.9%, closing at 19,310.79.

The Russell 2000 index, which focuses on smaller companies, edged up slightly by 2.38 points, or 0.1%, to 2,230.16.

Examining the performance over the past week:

The S&P 500 decreased by 89.21 points, reflecting a decline of 1.5%.

The Dow Jones fell by 447.99 points, a drop of 1%.

The Nasdaq saw a decrease of 411.24 points, corresponding to a 2.1% decline.

The Russell 2000 index was down by 14.43 points, or 0.6%.

Looking at the annual performance:

The S&P 500 appreciated by 1,111.80 points, marking a 23.3% increase.

The Dow gained 4,854.68 points, totaling an increase of 12.9%.

The Nasdaq achieved a rise of 4,299.44 points, translating to a 28.6% gain.

Finally, the Russell 2000 increased by 203.08 points, representing a 10% annual rise.