4 Mins Ago
A new high for S&P 500 could signal winning year ahead, history says
Fresh record highs for the S&P 500 have historically been quite a good omen, according to Carson Group chief market strategist Ryan Detrick.
The strategist said that since 1950, when the S&P 500 hits a record high for the first time in over a year, the next 12 months have seen positive returns 13 out of 14 times. The S&P 500 is within 14 points of its record close of 4,796.56, set on Jan. 3, 2022.
“To put a bow on this, new highs are bullish when you go awhile without one. It still could be a pretty good market next year for investors,” Detrick said on “Closing Bell.”
— Jesse Pound
32 Mins Ago
Futures open trading little changed
Stock futures opened flat on Thursday evening, with futures for the S&P 500, Dow and Nasdaq 100 all moving less than 0.1%.
— Jesse Pound
32 Mins Ago
Market stats: Nasdaq on track for best year since 2003, small caps surge in December
Here’s where the major indexes stand with one trading day left in 2023.
The S&P 500 is:
- up 24.58% year to date, on pace for its fourth positive year in 5.
- up 11.55% in the fourth quarter
- up 4.72% in December
The Nasdaq Composite is:
- up 44.22% year to date, on pace for its best yearly performance since 2003 when it gained 50.01%.
- up 14.19% in the fourth quarter
- up 6.11% in December
The Dow Jones Industrial Average is:
- up 13.77% year to date
- up 12.54% in the fourth quarter, on pace for its fourth positive quarter in five.
- up 4.89% in December
The Russell 2000 is:
- up 16.87% year to date
- up 15.31% in the fourth quarter
- up 13.78% in December, on pace for its best monthly performance since November 2020.
— Jesse Pound, Christopher Hayes
