U.S. stock index futures were sinking late Sunday as investors digested the action of 2015.
Netflix (NFLX) was the S&P's lead performer for the year, rising more than 130% since January. Conversely, Chesapeake Energy (CHK) was the index's weakest performer, falling 77% since the start of 2015 as crude prices continued to flounder.
Nike (NKE) was one of the Dow's top performers, reaching an all-time high in December following the release of its second-quarter earnings. Meanwhile, Wal-Mart (WMT) was the Dow's weakest performer, dropping more than 28% in the calendar year.
The New Year's Day edition of Jim Cramer's "Mad Money" focused on helping investors deal with market selloffs. Cramer implored viewers to remember that not every stock that does go down deserves to go down. There are broken stocks and there are broken companies, Cramer said, and there's a big difference between the two.
Stocks that Cramer finds attractive heading into the New Year include domestic restaurants, health care and biotech.
Elon Musk's Tesla Motors (TSLA) hit the low end of its yearly guidance, delivering at least 50,000 vehicles in 2015 including 17,400 in the fourth quarter, according to Bloomberg. The company revised its delivery guidance to between 50,000 and 52,000 vehicles in November after projecting 55,000 deliveries in February.
In international news, Saudi Arabia cut its diplomatic relations with Iran on Sunday, following the storming of Saudi Arabia's embassy in Tehran by protesters earlier in the day.
"We believe that diplomatic engagement and direct conversations remain essential in working through differences and we will continue to urge leaders across the region to take affirmative steps to calm tensions," an official of President Barack Obama's administration said, according to the Huffington Post.
Crude oil rose sharply following Saudi Arabia's decision as conflict in the region has historically hurt crude production. Asian energy stocks rose the most in a week following the news, according to Bloomberg.
This weekend's Barron's cover story focused on profit driving equities in 2016.
"Topping our list are junk bonds, now yielding almost 9% on average after a weak year dominated by a crash in the energy and commodities sectors. Other areas that look good include dividend-paying stocks, with yields at 3% or more in a range of industries, as well as utilities and REITs. Municipal bonds, which are coming off a solid year in which they bested Treasuries, look good, not great, for the year ahead," wrote Barron's Andrew Bary.