- Sep 15, 2010
- Reaction score
Stock market ends 2013 on a new "high" note
Stock investors will soon be in 401(k) heaven.
The broad U.S. stock market put an exclamation point on its record-breaking year on the final trading day of 2013, powering to yet another all-time high and posting its biggest percentage gain since 1997, or 16 years ago.
"Good to the last drop," is the way Dwayne Adams, a certified financial planner at Adams Wealth Management Group, summed up the best year for the Standard & Poor's 500 stock index since 1997. The closely tracked benchmark index rose 29.6%, a mega-move that will be reflected in much fatter retirement account balances when investors rip open their statements in coming weeks.