Wednesday, 1 January 2014

S&P 500 ends 2013 at record high

US stocks ended 2013 at another record high. The S&P 500 rose 0.4 percent on Tuesday, bringing its yearly gain to 30 percent, the best since 1997.

The US stock market was the best performer among the major markets. Including the rest of the world's stocks, the MSCI All-Country World Index also managed to rise 20 percent in 2013, its biggest annual advance since 2009.

The record-breaking run in the US has been helped by positive economic data. That continued on Tuesday.

The Conference Board said its consumer confidence index rose to 78.1 in December from 72 in November.

The S&P/Case-Shiller index of property prices in the US rose 13.6 percent in October from a year ago, the most since February 2007.

The MNI Chicago Report business barometer fell to 59.1 in December from 63.0 in November but remained well above the 50 mark that indicates growth.

No comments:

Post a Comment