Financial stocks were the biggest gainers of 2012
Despite many challenges, 2012 turned out to be a surprisingly good year for stocks. The Dow Jones industrial average, the Standard & Poor's 500 and the Nasdaq composite index will all end the year substantially higher.
Financial stocks had a stellar year in 2012, leading the industry groups in the Standard & Poor's 500 index. Utility companies were the worst performing group. Nine of the 10 sectors in the index advanced in 2012.
• Financials. The stocks of insurers and banks, led by Bank of America and Citigroup, gained 25 percent.
• Consumer discretionary. Home builder PulteGroup and appliance maker Whirlpool were among the biggest gainers, pushing this sector up 20 percent.
• Heath care. Drugmakers Eli Lilly and Merck gained, pushing the industry up 14 percent.
• Telecommunications. Sprint surged after Japanese company Softbank said it was taking a big stake in the company. The industry advanced 12 percent.
• Information technology. Oracle and Apple were among the gainers in the sector, while Hewlett-Packard and Advanced Micro Devices were among those that had a bad year. The sector advanced 12 percent and remains a favorite of analysts.
• Industrials. General Electric had a good year, as did toolmaker Stanley Black & Decker, pushing the sector 11 percent higher.
• Materials. Gains for Dow Chemical and agricultural products company Monsato pushed the industry group up 11 percent.
• Consumer staples. Retailers such as Wal-Mart and CVS Caremark had good years. Brewer Molson Coors struggled. The sector rose 7 percent.
• Energy. Oil prices fell about 8 percent in 2012. Energy companies like, Chevron, BP and Exxon tracked mainly sideways. The sector rose 1 percent.
• Utilities. Often regarded as a safe haven, these stocks fell out of favor with investors this year. After advancing 15 percent in 2011, they fell nearly 4 percent this year.
- Share Facebook Twitter
Article sent to (required)E-mail
Article sent from (required)E-mail Name
Subject Line (article title)
Message (optional)Success - Article sent Click to close
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.Need more information about reprints? Visit our Reprints Section for more details.
Contact information ( * required )Name * Company Telephone * E-mail *
Article InformationTitle URL
Message (optional)Success - Reprint request sent Click to close