Biggest Dow Jones Gainers and Losers And Others

The Dow Jones industrial average rose by 5.5% during the last year, outperforming the S&P 500 which was down by just 0.003% as well as Nasdaq and Wilshire 5000 which ended lower for the year.

McDonald’s was the biggest gainer during 2011 on the Dow Jones industrial average. The fast food giant rose up by 31% during the last year beating Warren Buffett’s favorite, IBM pushing it at No.2 position.

McDonald’s stock price reached all-time high of $100.82 before retreating back to close at $100.33 on Friday. Strong sales both internationally as well as domestically helped it to reach at the 1st position of gainers.

Bank of America was at the opposite end of the spectrum for declining by 58% beating aluminum maker Alcoa whose stocks dropped by 44%.

The No. 2 top gainer, IBM had already reached peak when Buffett announced that that Berkshire Hathaway had bought 5% share of IBM. Shares of IBM rose by 25% during the outgoing year.

Bank of America has announced to close branches and to fire 30,000 employees. This move would let the rival JPMorgan Chase to become the country’s largest bank. Bank of America was forced to drop a $5 per month credit card fee.

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Leo Pierson

About Leo Pierson

Former partner in a real estate management firm, Leo, has been active in the market for the last 8 years. Ex-blogger on penny stocks, now focused on long term growth stocks, Leo provides valuable market snapshots each day as part of our editorial team.

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