Markets End Year with All-Time Highs


0  Updated at 2:50 pm, December 31st, 2013 By: ABC Digital
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iStock/Thinkstock(NEW YORK) — Wall Street witnessed its best year since the mid-1990s, closing the books on 2013.

The Dow Jones Industrial Average finished the final trading session of the year up 72 points at 16,576.66 and gained l 27 percent overall in 2013. The Nasdaq Composite rose 22 points on the day closing at 4,176.59 with a yearly increase of 38 percent. The S&P 500 added 7 points ending at 1,848.36, boasting a gain of more than 30 percent for the year.

Both the Dow and S&P closed at all-time highs, with the Dow having its best year since 1995 and the S&P it’s best since 1997.

A Standard & Poor’s/Case-Shiller report released Tuesday showed home prices rising 14 percent since October 2012, though gains slowed in the last month, indicating they may be leveling off.

Copyright 2013 ABC News Radio

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