02 Jan 2004 Happy New Year!
Posted at 16:28h
in The Friday Brief
Amidst the continuing threats of terror attacks, the War inIraq, the erosion of trust of corporate chieftains and mutual fund managers, the dollar’s continuing decline, and a host of other worries, the S&P 500 index managed the broadest advance in 23 years. Over 90% of S&P 500 stocks rallied during the year, according to Bloomberg. The S&P and the Dow Jones Industrials were each up over 28%, including dividends, while the technology and biotech-heavy NASDAQ was up over 50%.