The Markets
Many Happy Returns?
Major U.S. stock indexes ended what turned out to be a good year on a sour note—albeit on very light trading volume.
Reported by Nevin E. Adams
Quarter-to-date the Dow was up 7.37%, the NASDAQ was 6.91% higher, the Wilshire 5000 Total Market Index was ahead 5.51%, the S&P 500 closed up 5.49%, and the Russell 2000 rose 3.49%.
As for 2009? Well, year-to-date the NASDAQ was up 43.89%, the Wilshire 5000 Total Market Index gained 27.09%, the Russell 2000 rose 24.45%, the S&P 500 was 23.45% higher, and the Dow gained 18.82%. And, good as the year-to-date numbers are, if you measure the recovery from the March bottoms, the Dow has rebounded 59.3%, the S&P 500 is up 64.8%, and the NASDAQ has regained 78.9%.
A Look Back
Now, as good as that is, remember than in 2008, the NASDAQ shed 40.54%, the Dow Jones Wilshire 5000 closed down 38.68%, the S&P 500 slipped 38.49%, the Russell 2000 lost 34.40%, and the Dow closed 33.84% lower than it began the year.
And remember that if you lose 50% one year—even if you gain 50% the next year—well, you’re still a long way from “even.” Still, it’s a start. And a good one at that.