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Data: FactSet; Chart: Axios Visuals

The everything rally delivered big gains to just about every asset in 2020, thanks in large part to unprecedented action from the Fed and Congress.

By the numbers: U.S. equities ended 2020 higher on the last day of trading, with stocks registering strong gains — the Nasdaq rallied 44% on the year while the Russell gained 19%.

  • The S&P 500 and the Dow both finished the year at record highs, gaining 16% and 7% for the year, respectively.

What else: Commodities were major winners, with silver the year's top performing major asset, rising by nearly 48%.

  • Soybeans rose by just under 40% for the year and orange juice, copper, corn and gold all gained around 25%.

Long-dated U.S. Treasuries rose by more than 16% and an index of Treasuries maturing between seven and 10 years delivered a 9% gain.

In currencies, the year's biggest gainer was the Swedish krona, which rose by around 14% against the dollar.

  • The dollar index declined by a little more than 7% and closed the year at its lowest level since early 2018.

Go deeper

Dion Rabouin, author of Markets
Jan 19, 2021 - Economy & Business

Economic growth is slowly returning

Data: New York Fed; Chart: Axios Visuals

The New York Fed's index of real-time data indicators shows the reversal of the economy's progress in late December and early January, but it moved upwards again last week.

Driving the news: Central bankers said the index's rise for the week of Jan. 9 was due to increases in tax withholding, fuel sales and rail traffic, which countered disappointing numbers for initial unemployment insurance claims and a decrease in electricity output.

Mike Allen, author of AM
12 mins ago - Politics & Policy

Biden-Harris, Day 1: What mattered most

President Joe Biden and first lady Dr. Jill Biden arrive at the North Portico of the White House. Photo: Alex Brandon-Pool/Getty Images

The Axios experts help you sort significance from symbolism. Here are the six Day 1 actions by President Biden that matter most.

Driving the news: Today, on his first full day, Biden translates his promise of a stronger federal response to the pandemic into action — starting with 10 executive orders and other directives, Caitlin Owens writes.

Read: Pete Buttigieg's opening statement ahead of confirmation hearing

Pete Buttigieg, President Biden's nominee to be secretary of transportation, in December. Photo: Kevin Lamarque/AFP via Getty Images

Pete Buttigieg, President Biden's nominee to lead the Transportation Department, will tell senators he plans to prioritize the health and safety of public transportation systems during the pandemic — and look to infrastructure projects to rebuild the economy — according to a copy of his prepared remarks obtained by Axios.

Driving the news: Buttigieg will testify at 10 a.m. ET before the Senate Committee on Commerce, Science and Transportation. He is expected to face a relatively smooth confirmation process, though GOP lawmakers may press him on "green" elements of Biden's transportation proposals.