email mobile

Posted: Monday, 30 December 2013 3:40PM

Stock Market Records Fell Often In 2013



It seemed almost like every time you looked at the stock market in 2013, records were being set. The Dow Jones Industrial Average opened for the year at 13,104 on January 2nd and will finish over 16,000 for the first time ever. The Dow is up roughly 25% for the year, and Ron Weimer of the St. Joseph investment firm Hilliard Lyons called it a "plowhorse economy."

Listen:



Weimer tells WSJM News the recovery in the housing market was the strongest part of the market for the year. Foreclosures and repossessions are going down, but the number of new housing starts remains less than average. He says as that continues to rise, the market will continue to get better. A prime example of that recovery is a strong year for Whirlpool, which as of Monday was trading around $157 a share with a yearly low of $98.77.

   

WebReadyTM Powered by WireReady® NSI


A   A   A
 Follow