Reuters - Video

EDITION: U.S. | U.K. | IN

Business

Stocks 2013: one for the record books

Tuesday, December 31, 2013 - 02:08

Dec. 31 - Summary: Stocks end 2013 at record highs; Consumer confidence on the rise; Home prices rise less than forecasts; More job cuts at HP; Hertz shares jump. Bobbi Rebell reports.

▲ Hide Transcript

View Transcript

The final trading day of the year was a one for the record books. The Dow hitting yet another all time high- its best year performance since 1995. The S&P 500 for the year turning in its best run since 1997. About 90 percent of the stocks in the S&P 500 closed the year higher- the most since they started keeping track back in 1980. Davidson Companies' Fred Dickson: SOUNDBITE: FRED DICKSON, CHIEF INVESTMENT OFFICER, DAVIDSON COMPANIES (ENGLISH) SAYING: "It seemed the U.S. stock market was one of the few places in the world that people were comfortable putting investment funds. So let's credit 80% to the fed, 20% to better than expected economic numbers and maybe the last 3-4 percent to a reduction in the market's fear factor." In their final trading day of 2013- all the major indexes had winning days- in part because of some better than expected economic data. Consumer confidence rose to 78.1- that is better than forecasts. The industry group behind the data- The Conference Board -said consumers were more optimistic about the job market. U.S. single family homes posted their strongest annualized gain in more than 7 years- though it was a smaller rise than had been expected- that according to the S&P/Case-Shiller index. Mortgage rates have been on the rise. In 2013 bond yields had their first annual rise since 2009. But the ISM Chicago business barometer fell in November- and was below forecasts- though it still indicated expansion in the region's manufacturing sector. In corporate news: Hewlett Packard announced an additional 5 thousand job cuts- bringing the total number of layoffs to 34,000- that is 11 percent of its workforce. And shares of Hertz jumped on a report from CNBC that activist investor Daniel Loeb's company Third Point Capital has taken a stake of less than 5 percent in the car rental company. In Europe: shares were mostly stronger on the last trading day of what was a great 2013. For the year pan-European indexes posted their best annual gains since 2009.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Stocks 2013: one for the record books

Tuesday, December 31, 2013 - 02:08

Top News »

Retirement »

Back to work- in retirement Back to work- in retirement

Wed, Oct 15, 2014 - (2:09)

Investing 201 »

Bond investors brace for the end of Fed stimulus Bond investors brace for the end of Fed...

Fri, Oct 10, 2014 - (4:03)

Arian Foster = BlackBerry? Arian Foster = BlackBerry?

Fri, Oct 25, 2013 - (3:16)

Don’t miss these red flags for IPOs Don’t miss these red flags for IPOs

Thu, Oct 10, 2013 - (2:34)

Copycat currency trading Copycat currency trading

Wed, Oct 02, 2013 - (2:28)

When to dump a winner When to dump a winner

Tue, Sep 24, 2013 - (1:55)

Where gold might again attract Jim Rogers Where gold might again attract Jim Rogers

Thu, Sep 19, 2013 - (2:05)

Why savings interest rates won't budge Why savings interest rates won't budge

Fri, Sep 13, 2013 - (2:09)

Buy local? ETFs try the trend Buy local? ETFs try the trend

Thu, Sep 05, 2013 - (2:42)

Money Clip »

Will Apple Pay transform mobile payments? Will Apple Pay transform mobile payments?

Thu, Oct 16, 2014 - (2:45)

3 things to do before disaster strikes 3 things to do before disaster strikes

Wed, Sep 18, 2013 - (1:39)

Your must-do money list Your must-do money list

Wed, Sep 11, 2013 - (1:24)

The worst "best" financial advice The worst "best" financial advice

Wed, Sep 04, 2013 - (1:42)

Forget gold: The case for REITs Forget gold: The case for REITs

Fri, Apr 26, 2013 - (1:19)

3 rules for buying a house now 3 rules for buying a house now

Thu, Apr 18, 2013 - (1:39)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Moving Pictures »

Dance of the northern lights Dance of the northern lights

Mon, Oct 20, 2014 - (1:08)

Images of September Images of September

Wed, Oct 01, 2014 - (1:00)

Still missing – MH370 Still missing – MH370

Fri, Sep 05, 2014 - (2:05)

Burning Together Burning Together

Mon, Sep 01, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, Aug 22, 2014 - (3:12)

Images of August Images of August

Fri, Aug 29, 2014 - (1:00)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)