The Standard & Poor’s 500 Index rose 13 percent in 2010, bringing the advance since March 9, 2009, to 86 percent, the biggest rally for a comparable period since 1955, according to data compiled by S&P. The improving economy and record earnings sent the benchmark equity index to the largest gain in consecutive years since 1999, the data show.
Governments have taken unprecedented measures to spur growth and boost confidence, as concerns the debt crisis in Europe would derail the global recovery pushed the MSCI All World Index to a low of 262.64 on May 25. The index posted back-to-back monthly gains in September and October and is headed for the biggest December rally since 1999.
The Standard & Poor’s 500 Index rose 13 percent in 2010, bringing the advance since March 9, 2009, to 86 percent, the biggest rally for a comparable period since 1955, according to data compiled by S&P. The improving economy and record earnings sent the benchmark equity index to the largest gain in consecutive years since 1999, the data show.Governments have taken unprecedented measures to spur growth and boost confidence, as concerns the debt crisis in Europe would derail the global recovery pushed the MSCI All World Index to a low of 262.64 on May 25. The index posted back-to-back monthly gains in September and October and is headed for the biggest December rally since 1999.
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