Stock Market Has Great Year, You… Not So Much

people vs profits

stock market in at least 16 years. But that great news is meaningless for many Americans. The Dow Jones Industrial Average ended the year Friday at a record high of 16,576.66, capping a 26 percent gain for 2013, its best yearly performance since 1996, when stocks also rose 26 percent. The broader Standard & Poor’s 500-stock index closed with a nearly 30 percent gain, its best since 1997. When you include dividends, stocks posted their best returns since 1995 , according to The Wall Street Journal (subscription only). (Story continues after chart, courtesy of Yahoo Finance, of the Dow’s 2013 run.) So are happy days here again, then? It depends. For Corporate America, the days are pretty daggum happy, with profits hitting record highs along with the Dow and S&P 500.
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