Huffpost Business

S&P 500 Sees Best January Since 1997

Posted: Updated:

NEW YORK — Stocks drifted lower Thursday, but the Standard & Poor's 500 still logged its best January since 1997.

The Standard and Poor's 500 fell 4 points to 1,498, gaining 5.1 percent for the month. The Dow Jones industrial average fell 50 points to 13,860. It's up 5.8 percent this month.

The Nasdaq composite fell a fraction to 3,142. It's up 4.1 percent this month.

Stocks got a small lift early Thursday from a report on business activity in the Chicago area before drifting lower. The Chicago Business Barometer for January came in at 55.6, a higher reading than analysts had forecast. Readings above 50 indicate that economic activity is expanding.

Advancing stocks on the New York Stock Exchange outpaced declining ones. Volume of 3.9 billion shares was above average.

Also on The Huffington Post

10 Worst Single-Day Drops In Dow Jones History
Share this
Current Slide

Suggest a correction

Around the Web

Dow, S&P 500 post best Jan. gains since the 1990s

CHART OF THE DAY: 4 Notable Exceptions To The Stock Market 'January Effect'

E-mini S&P 500 Index (ES) Futures Analysis – January 31, 2013

Dow, S&P 500 nearing all-time highs

Sentiment continues to favor S&P 500

What I Like and Dislike About January Barometer

E-mini S&P 500 Index (ES) Futures Analysis – January 30, 2013