Insights

January 7, 2022 | Investment Review

Investment Review - January 2022

  1. The S&P 500 gained 4.4% in December and returned 27.7% for the year. The Dow Jones Industrial Average was up 5.38% for the month and returned 18.72% for the year. The Nasdaq Composite advanced .69% in November, bringing its one-year gain to 22.8%.

  2. Non-US stocks were up in December. The MSCI EAFE index of developed countries was up 5.05% in December while the MSCI Emerging Markets index was up 1.61%.

  3. U.S. companies continue to purchase their own shares. Share repurchases more than doubled from a year earlier in the 3rd quarter; S&P 500 Company repurchases reached an all-time high of $234.6 billion, according to preliminary data released from S&P Dow Jones Indices. Meanwhile, capital expenditures increased 21% to $189 billion, which is still down 3% from the final three months of 2019 before the pandemic shutdown the economy.

Sources: Bloomberg LLC, FactSet, U.S. Commerce Department, Bloomberg Businessweek

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.


For more information, call Ed Sullivan, Vice President, at 617-557-9800, or email him at esullivan@welchforbes.com.