Thursday, December 31, 2020
2020 MARKETS END ON A RECORD HIGH NOTE!
The Nasdaq (up 48%) and Russell 2K (up 18%) skyrocketed in 2020 while the S&P 500 (up 16%) and Dow (up 7%) closed at All-Time-Highs.
2020 was a year of contrasts and a year of extremes. What seemed certain to be the first Depression in our lifetime became instead the shortest Bear Market in history. The Corona Crash in early March caused markets to plummet 30% in just a few days. Yet a scant 5 months later, stocks had recouped all their losses and embarked on a relentless upward climb shattering one All-Time-High after the next.
The Result? A very Happy New Year for 401(k)s, 403(b)s, TSPs, IRAs and Investment Portfolios all around!
INDEX | CLOSE (Fri 12/31/20) | %CHG WEEK | %CHG MONTH | %CHG YTD |
S&P 500 | 3756 | 1.7% | 3.3% | 16% |
NASDAQ | 12,888 | 1.8% | 4.7% | 48% |
DOW JONES | 30,606 | 1.5% | 3.1% | 7.3% |
RUSSELL 2K | 1975 | (-1.6%) | 8% | 18.3% |