S&P 500 Index gained 28.9% as Stocks enjoy best year since Y 2013
US financial markets will be closed Wednesday for New Year’s Day
Tuesday, Wall Street’s major stock market indexes finished higher as the Santa Claus Rally driven by trade optimism, capped a decade of amazing returns in which the benchmark S&P 500 rose nearly 190%.
Both the S&P 500 and the NAS notched their biggest annual percentage gainers since Y 2013, while the DJIA closed Y 2019 with its biggest yearly percentage gain since Y 2017.
In Y 2019, the current Bull run in US stocks became the longest 1 on record as trade optimism, Dovish Fed monetary policy and an improving economic outlook drove the Key indexes due North. sharp.
Tuesday, President Trump Tweeted that the Phase 1 US-China trade deal would be signed on 15 January at the White House, signaling expectations of a finalized preliminary agreement in early Y 2020.
Tuesday, the major US stock market indexes finished at: DJIA +76.30 at 28538.35, NAS Comp +26.61 at 8972.63, S&P 500 +9.49 at 3230.78
Volume: Trade on the NYSE came in at 803-M/shares exchanged
HeffX-LTN’s overall technical outlook for the year ending 31 December 2019 and into January 2020 is Very Bullish.
Recapping the Month, Quarter, Year and Decade.
In December, the DJIA added 1.73%, the S&P 500 2.87% and the NAS Comp 3.56%.
In Q-4 of Y 2019, the DJIA gained 6.02%, the S&P 500 8.55% and the NAS Comp 12.18%.
On the year, the DJIA rose 22.33%, the S&P 500 28.9%, the NAS Comp 35.24% and the Russell 2000 24%.
The benchmark S&P 500 also posted its biggest December percentage gainer since Y 2010.
For the decade, the Dow advanced 173.67%, the S&P 500 189.72% and the NAS Comp 295.42%.
Advancing issues outnumbered declininers on the NYSE by a 1.81-to-1 ratio; on NAS Comp, a 1.64-to-1 ratio favored advancers.
The S&P 500 posted 4 new 52-wk highs and no new lows, the NAS Comp recorded 89 new highs and 26 new lows.
Have a Happy New Year Week!