Alva Review-Courier -

Stocks close out best year since 2013; S&P 500 soars 28.9%

 

January 1, 2020



Wall Street closed the books Tuesday on a blockbuster 2019 for stock investors, with the broader market delivering its best returns in six years.

The S&P 500 finished with a gain of 28.9% for the year, or a total return of 31.5%, including dividends. The Nasdaq composite rose 35.3%. For both indexes it was the best annual performance since 2013. Technology stocks helped power those gains by vaulting 48%.

The Dow Jones Industrial Average gained 22.3%, led by Apple.

Along the way, the three major indexes set more record highs than in 2018 and kept the longest bull market for stocks going.

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