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The Dow was down over 90-points on a couple of occasions yesterday, but stocks managed a modest afternoon rally and by the close the Dow had lost 51-points on the day.
Stocks moved higher on Friday as sellers seem to have stepped aside as we entered the new year. The Dow gained 44-points.
As most of you know, every January the Tracker gets reset and we all begin the new year at the same level (zero). That means the allocations for the Top 50 will not be pegged based on the leaders from last year. This can create a skewed allocation shift in the first week of trading in the new year. So while I'm going to post the actual Top 50 as they stand right now, I'll let you know how much last year's leaders shifted their allocations in the past week so you can see the difference.
Updated 01-06-2013 at 05:19 PM by coolhand
The last trading day of the year, and the first few days of a new year have an historically positive bias and that trend held this year as we saw very solid gains in the stock funds this last week.
Here are the TSP fund returns for the week of December 31 through January 4.
Stocks opened lower yesterday but crawled back into positive territory by early afternoon. Some breaking news that the Fed was considering ending their easing programs sooner rather than later sobered investors who may have been looking for a reason to take some profits.
The 21-point decline in the Dow was a drop in the bucket compared to Wednesday's 308-point rally.