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Markets close out 2013 on a high note

Dec. 31, 2013 at 4:31 PM   |   Comments

NEW YORK, Dec. 31 (UPI) -- U.S. markets closed out a year of trading Tuesday with the Dow Jones industrial average and the Standard & Poor's 500 hitting all-time closing highs.

With the Dow index up 29 percent on the year with dividends taken into account, closing highs were almost routine in 2013. The Dow on more than 50 occasions closed at record highs during the year.

The S&P index, which climbed 32 percent on the year with dividends included, also marched up to a record close Tuesday after the Case-Shiller Home Index report said home prices in October were up more than 13 percent from the same month of 2012.

The Conference Board said consumer confidence rose in December after three months of declines.

The Dow on Tuesday gained 73.37 points, or 0.44 percent, to establish a new Everest at 16,576.66. The S&P added 7.29 points, 0.4 percent to 1,848.36. The Nasdaq index gained 22.39 points, 0.54 percent, to reach 4,176.59.

On the New York Stock Exchange, 2,032 issues advanced while 1,086 declined. Trading was light before the New Year's Day holiday with 2.2 billion shares trading hands.

In Europe, London's FTSE 100 added 17.82 points, 0.26 percent, to reach 6,749.09.

The 10-year U.S. treasury fell 17/32 to yield 3.036 percent.

The euro traded higher at $1.3756 and the dollar was slightly higher against the yen at 105.32 yen.

Gold gained $1.30 to reach $1,205.40 per troy ounce. Silver lost 10.5 cents, slipping to $19.515.

Crude oil was off 67 cents at $98.62 per barrel.

On the Chicago Board of Trade, March corn was off 2 cents to $4.21 1/2 a bushel. March soybeans shed 19 cents to $12.89 3/4 and March wheat added 4 3/4 cents to $6.05 1/4.

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