Best January for Stocks Since 1997

By: Associated Press
By: Associated Press

New York, NY (AP) - It's the best start for stocks in 15 years.

The Dow Jones industrial average and the Standard & Poor's 500 each finished with their biggest January gains since 1997. Stocks jumped on the first trading day of the year and made a slow climb from there.

There was a dip at the end, though. The Dow fell 21 points on Tuesday to close at 12,632. Traders were discouraged by unexpectedly weak consumer confidence figures. The S&P closed down a fraction of a point, and the Nasdaq gained two.

Advancers and decliners were about even on the New York Stock Exchange. Volume was a little higher than average lately at 4.1 billion shares.

The S&P ended the month up 4.4 percent.

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  • by Gerry Location: Tallahassee on Feb 1, 2012 at 05:26 AM
    As of this morning, the US borrows for 10 years at 1.81%.
  • by Gerry Location: Tallahassee on Jan 31, 2012 at 05:50 PM
    Greece doesn't have its own national currency, it uses the euro. Greece borrows today for 10 years at 35.72%. Portugal also uses the euro and borrows today for 10 years at 16.45%.
  • by dog Location: gone on Jan 31, 2012 at 04:01 PM
    pump pump the bubble it's coming and it's going to burst. Just like Greece . Vote OUT oboma before it's to late.
    • reply
      by What proof do you have? on Jan 31, 2012 at 05:48 PM in reply to dog
      Or is this your opinion? I already know the answer.
  • by Gerry Location: Tallahassee on Jan 31, 2012 at 02:45 PM
    The US borrows today for 10 years at 1.80%. Total public debt on 1/30/12 = $15.295 trillion. On 1/20/09 = $10.627 trillion. On 1/20/01 = $5.728 trillion. Increase in total public debt during George W. Bush administration = $4.899 trillion. During Obama administration = $4.668 trillion. Source for debt info: treasurydirect.
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