Stocks notch record highs in 2013

  • Article by: PATRICK KENNEDY , Star Tribune
  • Updated: December 31, 2013 - 7:11 PM

 

Stocks soared in 2013, including the Bloomberg Star Tribune 100 index of Minnesota-based companies, which notched its first close above 300 Tuesday.

Broader national stock indexes also closed at all-time highs.

The Standard & Poor’s 500 index closed at 1848.36, up 29.6 percent — the best annual performance since 1997.

The Dow Jones industrial average clocked a record high for the 52nd time in 2013, closing at 16,576.66, up 26.5 percent for best annual performance since 1995.

The Bloomberg Star Tribune 100 Index closed at a record 303.34, up 47.7 percent for the year as gainers for the year outnumbered losers 79 to 19. Among the biggest per-share gainers were trucking logistics firm XRS Corp., up 377 percent; fiber-optic company Clearfield Inc., up 351 percent; Best Buy, up 236 percent and Supervalu, up 195 percent.

3M and UnitedHealth, our two local members of the Dow Jones industrial average, helped pace that index to a record high. Shares of 3M Co., Minnesota’s biggest by market capitalization, rose 51 percent, while UnitedHealth Group, the largest Minnesota company measured by revenue, rose 39 percent.

Best Buy had the third-best return among stocks in the S&P 500 index. Best Buy vied with Netflix for the best performing S&P 500 company for most of the year, but Netflix finished stronger and ended up 298 percent. Micron Technology edged out Best Buy for the second spot and finished up 243 percent for the year.

Turn to D4 and D5 for our year-end performance summary of stocks and mutual funds from the Associated Press.

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