After Best Gains Since 1995, Dow Falls to Start 2014

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Still slouching on your couch despite the "lose 5 pounds by February" resolution? We hear ya -- Wall Street had a slow, holiday-shortened week, too. Here's everything you need to know about how the Dow Jones Industrial Average (DJINDICES: ^DJI  )  moseyed from 2013 to 2014 last week.

1. Stocks end 2013 green, start 2014 red
We don't know yet how it was for wines, but 2013 was a good year for stocks -- the Dow rose 26% and the S&P 500 jumped 30% to record highs for the market's best year since '95, thanks to continued Fed stimulus policies, improving econ data, and solid corporate earnings. Then, after ending the year with a win, stocks started the New Year with a loss for the first time since 2008 -- Friday's comments from Bernanke that the Fed was still cautious about the economy didn't help.

2. Some stocks got love ...
Disney
(NYSE: DIS  )  popped to an all-time high before the ball dropped as analysts upgraded their stock forecasts in 2014 -- big holiday movies, record theme park attendance, and the upcoming Disney Land in Shanghai sound fun. Unattractive "shoe"-maker Crocs got a $200 million investment from private equity powerhouse Blackstone so they can start making clothes and officewear that people will actually put on. Groupon jumped on word that fellow daily deal site LivingSocial is selling its $13.8 million stake in the company ('cause it's a good deal).
 
3. ... And some stocks got drama
Rental-car company Hertz (NYSE: HTZ  )  is getting a massive investment from serial investor Carl Icahn, which is great for the stock, even though the board doesn't know how to handle it. And struggling Canadian first-generation smartphone maker BlackBerry (NASDAQ: BBRY  )  announced that it's dropping singer/songwriter Alicia Keys as its creative director after a year because (shocker) the partnership didn't really make any sense.

4. Car sales weren't in top gear
U.S. car sales have been roaring like the convertible poster you had in your college dorm room, for the best annual performance in six years. According to a Friday report, December's sales rose again, but less than analysts expected. Like slower retail sales, you can blame it on the calendar -- a late Thanksgiving lost Ford (NYSE: F  )  and General Motors a week of annoyingly generic holiday-themed ads, and subsequent car sales. For 2013, car sales rose 8%, but for December it was a paltry 3% gain. For the 32nd straight year, the Ford F-150 topped U.S. auto sales, with more than 700,000.

5. Econ data rocketed into 2014
Apparently America's Christmas gift this year was a stocking full of jolly econ data. Pending home sales nudged up in November by 0.2%, and home prices rose 13.6% from the previous year to reach a seven-year high. Consumer confidence rose in December for its best year-end reading since '07. And manufacturing activity in the U.S. increased last month at its fastest pace since 2011.

What MarketSnacks Is Checking Out This Week:
  • Monday: Factory orders
  • Tuesday: International trade report
  • Wednesday: Minutes from the Fed's last meeting
  • Thursday: Weekly jobless claims
  • Friday: The big December 2013 employment report

As originally published on MarketSnacks.com

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