S&P 500 index ends 2014 with gain of 11%

The US stock market had another solid year, with the Standard & Poor’s 500 rising 11.4 percent for 2014, the Dow Jones industrial average gaining 7 percent and the Nasdaq composite rising 13 percent. AP PHOTO

NEW YORK—The US stock market had another solid year.

The Standard & Poor’s 500 rose 11.4 percent for 2014. The Dow Jones industrial average gained 7 percent and the Nasdaq composite rose 13 percent.

On Wednesday the market started higher but gave up those gains by the afternoon. Utilities fell the most.

The S&P 500 was down 21 points on the day, or 1 percent, ending the year at 2,058.

The Dow lost 160 points, or 0.9 percent, to 17,823. The Nasdaq fell 41 points, or 0.9 percent, to 4,736.

Energy stocks fell the most in 2014 as the price of oil collapsed. Oil fell 45 percent this year, its biggest yearly loss since 2008.

Bond prices rose. The yield on the 10-year Treasury note edged down to 2.18 percent.