The final trading session of the quarter saw major equity benchmarks leap forward, closing out the week on a high note. “Friday’s gains capped a stellar three months for stocks, with the Dow and S&P posting the biggest first-quarter gain since 1998. Despite Friday’s decline, the Nasdaq had its best first quarter since 1991, according to the Stock Trader’s Almanac. For the quarter, the Dow gained 8.1%, the S&P 500 advanced 12% and the Nasdaq rose a whopping 19% since New Year’s Day. The Dow and S&P 500 are at the highest levels since 2008, while the Nasdaq is at its highest point since 2000″ writes Ben Rooney. The commodity space saw crude finish out the day relatively flat, as the fossil fuel is nearing the $100/barrel level. If it were to cross into double digit territory it may provide some relief at the pump, as gas prices have been relatively high [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: VWO Tanks, VXX Soars 11 Predictions For The ETF Industry In 2011 December ETF Roundup: $1 Trillion And Counting September ETF Data: Back On Track Ten Intriguing ETF Storylines
The final trading session of the quarter saw major equity benchmarks leap forward, closing out the week on a high note. “Friday’s gains capped a stellar three months for stocks, with the Dow and S&P posting the biggest first-quarter gain since 1998. Despite Friday’s decline, the Nasdaq had its best first quarter since 1991, according to the Stock Trader’s Almanac. For the quarter, the Dow gained 8.1%, the S&P 500 advanced 12% and the Nasdaq rose a whopping 19% since New Year’s Day. The Dow and S&P 500 are at the highest levels since 2008, while the Nasdaq is at its highest point since 2000″ writes Ben Rooney. The commodity space saw crude finish out the day relatively flat, as the fossil fuel is nearing the $100/barrel level. If it were to cross into double digit territory it may provide some relief at the pump, as gas prices have been relatively high [...]
Click here to read the original article on ETFdb.com.
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