Stocks are off to a strong start for the year despite all the craziness in our nation’s capital.
The major indexes closed at all-time highs on Friday despite a Democratic sweep in the Georgia runoffs, an election protest turned into a calamitous Capitol Hill riot, a brief scare that a key Senator would oppose new Covid relief payments, and worse than expected jobs numbers.
The Dow Jones Industrial Average rose 57 points, or 0.2%, to end at 31,098. So far this year, the Dow is up an impressive 1.61 percent and is 8.19 percent above the year-ago level.
The S&P 500 rose 0.6 percent Friday. Year to date, the broad index is up 1.83 percent. Compared with a year ago, the index is up 17.6 percent.
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The Nasdaq Composite rose 1 percent. Year to date it is up 2.4 percent. Compared with a year ago, the tech-heavy index is up