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posted: 1/1/2013 6:00 AM

Financial stocks were the biggest gainers of 2012

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  • 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.

      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.
    Associated Press

 
Associated Press

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.

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• 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.

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