FILE – In this Thursday, Oct. 10, 2013, file photo, Specialist Jay Woods is reflected in a screen at his post on the floor of the New York Stock Exchange. Stocks are on track for their best annual performance in a decade, with all ten industry groups in the Standard & Poor’s 500 index set to finish 2013 with a gain of 10 percent or more. (AP Photo/Richard Drew, File)
NEW YORK (AP) — The stock market is poised for a “Perfect 10.”
As stocks surge this year, putting them on course for their best annual performance in a decade, all 10 industry groups in the Standard & Poor’s 500 index are closing in on gains of 10 percent or more for 2013.
That hasn’t happened in almost two decades.
The last year that all 10 industry groups in the S&P 500 closed the year higher by 10 percent or more was in 1995, when the overall index rose 31 percent. There have been several years of big yearly gains since, but none that have seen all the sectors notch double-digit jumps.
The S&P 500 gained 26 percent in 1998, but materials and energy stocks fell. The Login to read more