Monday, January 2, 2012

The S&P Goes Nowhere

After all was said and done, the S&P 500 lost ground for the 2011 calendar year, after losing 0.43 percent of its value on Friday, the final trading day of 2011. In the end, the index lost a vanishingly small 0.04 percent on the year, the smallest change - in either direction - since 1947.

How minuscule was the change? The index closed on December 31, 2010, at 1257.64. Last Friday, December 30, 2011, the S&P closed at 1257.60. That's a total drop on the year of 0.04 points.

That's close enough to call it unchanged over the course of the year. The Nasdaq registered a slightly more noticeable loss for 2011, finishing down 1.8 percent. The Dow Jones Industrial Average, made up of 30 of the biggest stocks in the nation, finished the year up 5.5 percent.

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