But broadly speaking, stocks merely went through the motions Friday, with a late-day swoon ensuring modest declines for the major indexes.
Unlike other stock market holidays, New Year’s Day is observed by Wall Street only if it falls on a weekday.
“This year will go down as one of the best ever for the bulls,” says Ryan Detrick, chief market strategist for LPL Financial.
And yet as stunning as those returns might be, they’re nowhere close to those generated by the best-performing stocks of the much broader Russell 1000, which encompasses the market’s 1,000 largest stocks.
Visit our corporate site www.futurenet.com© Future US LLC, 10th floor, 1100 13th Street, N.W Washington, DC 20005 .