You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

Business

  • Higher costs pressured businesses in 1st quarter
    Rising costs for materials and labor appear to be pressuring businesses, according to a quarterly survey from the National Association of Business Economics.
  • Living large in borrowed cars
    There’s a chance now for the middle class to feel like movie stars. Or for a movie star to feel like a movie star away from home.
  • Yahoo to accelerate growth
    Yahoo’s Marissa Mayer can’t rely on Alibaba Group Holding to bail her out much longer, putting the onus on her to accelerate a sales rebound that’s only getting started.
Advertisement
AP | Seth Wenig
A trader wears glasses celebrating the new year while working on the floor at the New York Stock Exchange on Tuesday.

Stock market ends year on a high note

The stock market closed out a record year with more all-time highs on Tuesday, giving U.S. indexes their biggest annual gains in almost two decades.

The Standard & Poor’s 500 index notched its best year since 1997; The Dow Jones industrial average rose the most since 1995.

Trading was light on the last day of the year. U.S. markets will be closed Wednesday for the New Year’s Day holiday.

On Tuesday:

The Dow rose 72.37 points, or 0.4 percent, to 16,576.66.

The S&P 500 was up 7.29 points, or 0.4 percent, to 1,848.36.

The Nasdaq composite rose 22.39 points, or 0.5 percent, to 4,176.59.

For the week:

The Dow is up 98.25 points, or 0.6 percent.

The S&P 500 is up 6.96 points, or 0.4 percent.

The Nasdaq is up 20 points, or 0.5 percent.

For the year:

The Dow rose 3,472.52 points, or 26.5 percent.

The S&P 500 added 422.17 points, or 29.6 percent.

The Nasdaq rose 1,157.08 points, or 38.3 percent.

Advertisement