Investment Review - December 2020
- The major U.S. stock indices moved higher in November. The Dow Jones Industrial Average increased by 11.84%, the S&P 500 was up 10.77%, and the Nasdaq Composite advanced 11.79%. This was the best month for the DJIA in over three decades, and within the month all indices hit all-time highs.
- The Russell 2000, an index tracking smaller publicly traded companies within the United States, was up over 18% in November, the best month on record.
- The third quarter earnings season beat expectations, but still fell 7.5% from the prior year. This helps quantify the recovery while showing the potential improvement for the broader economy in 2021.
Sources: FactSet, Wall Street Journal, U.S. Census Bureau, U.S. Bureau of Labor Statistics
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