Weekend Question 1: How Did the Stock Market Do in 2006?
ANSWER: Pretty well. We’ll take repeats of this performance any time. It would be nice if NASDAQ had done a bit better.
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After the close of trading on Friday, here’s where things stood:
DJIA 12463.15; up 16.2% for year
S&P 500 1418.28; up 13.6% for year
NASDAQ 2415.29; up 9.5% for year
For dividends, add a couple of percentage points for the Dow and S&P, and maybe one point to the NASDAQ, if you’re scoping out total yield.
As noted yesterday, Forbes’ Rich Kargaard thinks that 2007 will be a pretty good year for the stock market. We’ll start finding out Wednesday, since the markets will be closed Tuesday in honor of the late President Gerald Ford.
