Investment Review - December 2020
- The major U.S. stock indices moved higher in November. The Dow Jones Industrial Average increased by 11.84%, the S&P 500 was up 10.77%, and the Nasdaq Composite advanced 11.79%. This was the best month for the DJIA in over three decades, and within the month all indices hit all-time highs.
- The Russell 2000, an index tracking smaller publicly traded companies within the United States, was up over 18% in November, the best month on record.
- The third quarter earnings season beat expectations, but still fell 7.5% from the prior year. This helps quantify the recovery while showing the potential improvement for the broader economy in 2021.
Sources: FactSet, Wall Street Journal, U.S. Census Bureau, U.S. Bureau of Labor Statistics
Disclosure: This commentary reflects the opinions of Welch & Forbes based on information that we believe to be reliable. It is intended for informational purposes only, and not to suggest any specific performance or results, nor should it be considered investment, financial, tax or other professional advice. It is not an offer or solicitation.
If you would like to receive your copy of the Economic Outlook and Investment Review monthly in the mail, call Ed Sullivan, Vice President, at 617-557-9800, or email him at firstname.lastname@example.org.