Economatica examined the January returns for the S&P 500 and the Dow Jones Industrial Average (Dow) over the past 32 years and made the following observations from the chart below:
The Dow posted a strong return of 7.17% in the month of January, now the best January return for the index since 1989. The S&P 500 returned 7.87% this January and is the highest January return since 1987.
The highest return for the Dow in the period examined was in January 1987 with 13.82% while the lowest for the index was in January 2009 with a – 8.84% return.
The highest return for the S&P 500 was also in January 1987 when the index returned 13.18%; its lowest January return was also in 2009, with a – 8.57% return.
There were 13 stocks in the S&P 500 that exceeded 25% returns this January. Xerox Corp had the highest return with a whopping 42.76%, followed by Celgene Corp and General Electric with returns of 38.02% and 34.21% respectively.
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