After the bear market in 2022, 2023 brought a pleasant surprise for many investors. Big gains in the Nasdaq Composite and S 500 led to closes for the year near record levels.
The Dow Jones Industrial Average (DJINDICES: ^DJI) actually managed to set all-time records on several occasions late in December. However, its gains of roughly 14% for the year were smaller than what those who invested in broader indexes earned. And for those who followed a popular strategy called the Dogs of the Dow, 2023 was even more disappointing, as it underperformed the Dow significantly.
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Source Fool.com