A record trading year ended on a down note with the Dow plunging 118 points to close at 24,719. Nasdaq tumbled 46 points to 6,903.

On the upside

Shares of Fang Holdings (NYSE: SFUN) continued to rise.

Fitch Ratings upgraded its default rating on GNC Holdings (NYSE: GNC).

Hovnanian Enterprises (NYSE: HOV) entered a refinancing transaction with GSO Capital Partners.

On the downside

A trademark infringement lawsuit was filed against Under Armour (NYSE: UAA) by a North Carolina business owner.

Investors locked in profits on Arrowhead Pharmaceuticals (Nasdaq: ARWR).

InvestorPlace wrote that Blue Apron (NYSE: APRN) could go bankrupt in 2019.

In the broad market, declining issues outpaced advancers by a margin of nearly 3 to 2 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 fell 13 points to