Business

Snapshot

Market ends 2012 on a high, if wary, note

Advertisement

‘Within sight,’ the president said. ‘Very, very close,’ added the Senate minority leader. One trader hoped ‘Congress can at least defuse the ticking time bomb’ — with a fiscal cliff deal. Stocks soared as hope grew. The S&P 500 had its biggest yearly gain since 2009, a 13.4% rise that extended its rally to 111 percent since March 2009. Financial stocks had a stellar year, leading the S&P 500. Utilities, often seen as a safe haven, were the worst performers, off 2.9%. The Dow rose 7.3% for the year; the Nasdaq, 15.9%. Some of the stars were making up for deep losses; builder PulteGroup, for instance, nearly tripled after falling for five of the previous six years.

Loading comments...
You're reading  1 of 5 free articles.
Get UNLIMITED access for only 99¢ per week Subscribe Now >
You're reading1 of 5 free articles.Keep scrolling to see more articles recomended for you Subscribe now
We hope you've enjoyed your 5 free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com
Already a subscriber?
Your city. Your stories. Your Globe.
Yours FREE for two weeks.
Enjoy free unlimited access to Globe.com for the next two weeks.
Limited time only - No credit card required!
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.
Thanks & Welcome to Globe.com
You now have unlimited access for the next two weeks.
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.