NEW YORK (CBSNewYork/AP) — 2013 was a good year on Wall Street.
The Standard & Poor’s 500 index closed out its best year since 1997 on Tuesday as traders wrapped up a record-setting run.
The S&P 500 increased nearly 30 percent in 2013. For the full year, its total return was 32 percent including dividends, the biggest in 16 years.
On Tuesday, the index rose seven points, or 0.4 percent, to close at 1,848, its latest record close.
The Dow Jones industrial average increased 72 points, or 0.4 percent, to 16,576. The Nasdaq composite rose 22 points, or 0.5 percent, to 4,176.
Trading volume was very light.
The yield on the 10-year Treasury note rose to 3.03 percent from 2.97 percent the day before.
U.S. financial markets will be closed Wednesday for New Year’s Day. Trading will reopen on Thursday.
You May Also Be Interested In These Stories
- Takata Recalls Another 35-40M Airbags, Includes Tesla, Jaguar & Land Rover
- East River Gondola Lift Gains Attention Amid L Train Shutdown Worries
- Researchers Able To Extend Embryonic Development Into 2nd Week In A Lab Dish
- Officials: Retired NYPD Officer Facing Child Pornography Charges On LI
(TM and © Copyright 2013 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2013 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)