Friday, January 3, 2014

Everybody Wins

The  stock market rally of 2013 was not only strong,  it was remarkably broad-based as well. Consider that among the 30 stocks that finished the year in the Dow Jones industrial average,  only one of them ended the year down: IBM,  which lost 2.1 percent in 2013.

Standard & Poor's divides all the stocks it covers into ten industry sectors.  All ten of those sectors were up on the year,  from a 9.8 percent increase for telecommunications to a 40.9 percent increase for consumer services.

Within those ten sectors,  there are 104 stock industry groups.  Incredibly,  101 of them gained during the year.  The only losers were three of the basic materials groups: coal,  down 12.1 percent,  platinum and precious metals,  down 31.1 percent, and gold mining, down 52.4 percent.

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