Our Take on Wall Street's Q4

Despite ending the final quarter about where they started, major US stocks turned in solid performance in 2012

Jeremy Glaser 2 January, 2013 | 12:38AM
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Across the pond, politics seemed to dominate the news in the last quarter of the year as the cacophony of November's presidential election quickly turned into worries over the impact of the fiscal cliff. It was quieter outside of the United States as Europe remained mostly calm and emerging markets saw steady growth. Even though there was a fair amount of volatility, the market barely budged during the quarter. The broad-based Morningstar US Market Index was down less than 1% during the last 13 weeks. The index was up nearly 15% on the year and is up almost 11% on an annualised basis during the last three years. 
 
Talk of the fiscal cliff exploded after the election, as the market anxiously waited to see

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About Author

Jeremy Glaser  is markets editor for Morningstar.com, the sister site of Morningstar.co.uk.

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