Save and invest, year after year, to put the full power of compounding on your side.
On February 29, the Dow closed at 16,516.50, the S&P 500 at 1,932.23, the Nasdaq at 4,557.95, and the Russell 2000 at 1,033.90. Across February, the Dow was the lone gainer, up 0.30%; the Russell lost 0.14%, the S&P 0.41%, and the Nasdaq 1.21%. February brought another advance for the CBOE VIX, which gained 1.73% to a month-end close of 20.55. The standout February performance came from the PHLX Gold/Silver index, which jumped 39.07% as precious metals prices climbed.
While the Russell 2000 and Nasdaq Composite advanced significantly in November, the S&P 500 did not – the broad U.S. benchmark rose a mere 0.05%. Terrorists took hundreds of lives in France, Lebanon, Nigeria, Mali and Tunisia during the month, and the fear in the wake of those attacks was felt in the investment markets. Federal Reserve policy minutes contained strong hints that the central bank could raise interest rates in December, a signal investors accepted without disillusionment. Oil, gold and many other major commodities retreated. Key consumer confidence, consumer spending and manufacturing indicators disappointed, but reports on the job market and real estate market offered better news.