Dow Closes Below 18,000; S&P 500 Up 12.7% in 2014
Stocks end the day down as the Dow falls below 18,000 and the S&P 500 pulls back from its recent record high. This year, overall, stocks have performed much better than expected. The S&P 500 is up 12.7% (15.4% including dividends) which is almost double what stock market strategists predicted at the beginning of the year. Power and utility stocks seem to be the best performing stocks on Wall Street this year. Electricity, water, solar, and other types of utilities posted higher gains than all of the other sectors in the S&P 500.
Word on the Street
- Will the Dow reach 20,000 in 2015?
- Power stocks are Wall Street's best performers in 2014.
- 2014 looks to close the same way as 2013.
- $9.26 billion taxpayer dollars lost in the U.S. auto bailout.
- Dunkin' Donuts (DNKN) plans for huge expansion in 2015.
- Layoffs begin due falling oil prices.
- Civeo (CVEO) stock pummeled on 2015 guidance, dividend cut.