U.S. Stocks: Dow Jones Industrial Average Posts Best First Quarter Since 1998

by Colonel on March 28, 2013

“Stocks closed out the first quarter on a high note with the Dow logging its strongest quarter in 15 years and the S&P 500 piercing through levels last seen in 2007 to end at a record high near 1,570.

The S&P finally surpassed its closing high level of 1,565.15 shortly after the market open after flirting with the milestone for weeks, recovering all its losses from the financial crisis. …

The Dow Jones Industrial Average soared more than 11 percent in the first three months of the year, led by Hewlett-Packard. Interestingly, the blue-chip index has never finished a year down when the first quarter is up at least 8 percent.

The S&P 500 and the Nasdaq also ended in positive territory, logging their fifth-straight monthly gains. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended below 13.

” — JeeYeon Park, Copyright 2013 CNBC LLC

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