After a sell-off in the second quarter, stocks reversed course during the third quarter to stage a nice recovery. Most of the gains for the quarter came during the month of September. This was a surprise by many as September has historically been a bad month for stocks.
Here are the details:
Dow Industrials
- Up 1014.03 points this quarter, or 10.4%, to close at 10788.05.
- Best quarterly performance since Q3-2009.
- In September, the Dow was up 773.33 points, or 7.7%.
- This was the best September since 1939 (71 years).
- Year-to-date = 3.5%
Nasdaq Composite
- Up 259.38 points this quarter, or 12.3% to close at 2368.62.
- Best quarterly performance since Q3-2009.
- Up 254.59 points, or 12.0%, for September.
- Year-to-date = 4.4%
S&P 500
- Up 110.49 points this quarter, or 10.7% to close at 1141.20.
- Best quarterly performance since Q3-2009.
- September’s gain was 8.8%, or 91.87 points.
- Year-to-date = 2.3%
Sources
- Data Points: U.S. Markets [MarketBeat]