Mississauga, ON -- (SBWIRE) -- 01/03/2014 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled “2013 American Economic Year in Review.”
Companies mentioned in this article include Nike, Inc. (NYSE:NKE), Disney (NYSE:DIS), Visa (NYSE:V), Alcoa (NYSE:AA), Goldman Sachs Group Inc. (NYSE:GS), Bank of America (NYSE:BAC), Hewlett-Packard Co. (NYSE:HPQ) and Netflix, Inc. (Nasdaq:NFLX).
The bulls ran wild on Wall Street in 2013, cracking bear skulls every chance they got, fueled largely by monetary stimulus efforts of the U.S. Federal Reserve, major merger and acquisition activity, smoking-hot IPOs and a biotech sector that just wouldn’t quit. In a year that still featured the common phrases that the country is “recovering from the Great Recession” and “the market is overextended,” stocks climbed at a sweltering pace without relent. The Dow Jones Industrial Average rose to all-time highs and recorded gains of 26 percent, its best yearly performance since gaining 33.5 percent in 1995. The benchmark Standard & Poor’s 500 notched gains of 30 percent (best since 31% in 1997) on its way to new record levels and the technology-rich Nasdaq exchange scored gains of 30 percent, putting it within 900 points of its record high in 2000 at the apex of the dotcom bubble.
Nike, Inc. (NYSE:NKE), which was added to the Dow as part of a shake-up in September, paced the 30-component index with gains of 50 percent in 2013, with Walt Disney (NYSE:DIS) and Visa (NYSE:V) also amongst top Dow gainers. In the biggest Dow component shakeup in nearly a decade, Nike bumped Alcoa (NYSE:AA) from the Dow, while Goldman Sachs Group Inc. (NYSE:GS) replaced Bank of America (NYSE:BAC) and Hewlett-Packard Co. (NYSE:HPQ) was replaced by Visa, Inc. (NYSE:V)
Shares of streaming content provider Netflix, Inc. (Nasdaq:NFLX,), which also joined the Nasdaq 100 on June 6, was the best S&P 500 performer in 2013 with gains around 300 percent. The stock has risen in 14 of the past 15 months.The full version of this article can be found at:
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AllPennyStocks.com Media, Inc.
Peter Szafranski -- President
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