2011 : Best and worst performing sector
S&P ends flat on the last trading day of the year 2011 while Dow Jones finished a bit higher.Standard & Poor’s 500 Index remained unchanged for the year as investors are still concerned about the European debt crisis and political crisis.In 2011 Utilities and consumer staples were top performing sector and these sectors showed around 10 % gains while financials and materials were the biggest losers.
Mc donald’s corp was the biggest gainer this year that lead to 31 % of gains.Stocks related to finance dropped around 18 % ,Bank of America Corp. tumbled 58 percent and was top in the list.Solar Inc. had the biggest drop in the S&P 500, losing 74 percent.
US President Barack Obama is going to delay debt limit increase request.Recently Treasury dept. had said that govt. was due to hit its debt limit of $15.2 trillion in the first week of January.