That's it, 2007 is over. The brakes are on, the roller coaster has come to a complete stop, seat belts are off and we can get ready to sit back and click off the Dow points next year. If only it was that easy; however, 2007 wasn't all bad.
The S&P 500 finished up 3.5%. Apple (NASDAQ:AAPL) added the most index points (11.06) with Exxon Mobil (NYSE:XOM) slightly second adding 10.75 (Google (NASDAQ:GOOG) was third adding only 5.89). Citigroup (NYSE:C) stripped the most points off the index, -14.74 during the year, with Bank of America (NYSE:BAC) second accounting for -6.1. In the end the S&P 500 gained 50 index points, thanks mostly to energy and technology.
The energy sector finished the year up over 32.4%, nearly doubling every other sector's gains. The big winners were the Oil Equipment and Services (Transocean Inc. (NYSE:RIG), Haliburton (NYSE:HAL), Schlumberger (NYSE:SLB) and Baker Hughes (NYSE:BHI) to name a few), the group was up 45.4%. Banks were the losers (Citi, Washington Mutual (NYSE:WM) and other familiars), down over 32.5%. WaMu up 4.1% and Fannie Mae (FNM) up 4.3% suggests value plays for the new year, but who are we to speculate?
The table below details major S&P 500 sector and group performance for the year.