FRIDAY'S MARKET WRAP-UP
Market Snapshot for December 30, 2011 (12:06 a.m. ET, Dec. 30):
Closing Prices: DOW 12,217.56 (-69.48, -0.57%), S&P 500 1,257.60 (-5.42, -0.43%), NASDAQ 2,605.15 (-8.59, -0.33%), Nikkei 225 8,455.35 (+56.46, +0.67%), DAX 5,898.35 (+49.57, +0.85%), FTSE 5,572.28 (+5.51, +0.1%)
OIL 98.83, GOLD 1,5529, SILVER 27.915
EURO 1.2955, YEN 76.92, BRITISH POUND 1.5529, U.S. DOLLAR INDEX 80.52
And the Winner Is...It's a Tie!
The bulls and bears were involved in a fierce game of tug-of-war throughout most of this past year. In a battle that was often too close to call, the question of who would come out ahead... or behind... has finally been answered. When it came to the three major indices, however, the answer was different for each one. The Dow Jones Ind. Ave. ($DJI) finished the year higher by 5.5%, the S&P 500 ($SPX) was virtually flat, and the Nasdaq Composite ($COMPX) was down 1.8%.
In truth, it wasn't been so much of a rivalry as it was a test of who could stand their ground and emerge relatively unscathed. Many of the indices abroad were not as lucky. China's Shanghai Composite Index ended the year lower by 21.7%, while France's CAC-40 was down 17.3%. Even Germany was hit hard with the Xetra Dax lower by 15%.
Dow Jones Industrial Average (Figure 1)