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29 Mar 2018

1Q Wrap

Post by MoneyRadio Staff

…March and first quarter wrap up. Consumer sentiment still high, spending moderates. Emoluments. Trump v. Amazon. Windows to clouds. Financial Review by Sinclair Noe for 03-29-2018 DOW + 254 = 24,103 SPX + 35 = 2640 NAS + 114 = 7063 RUT + 16 = 1529 10 Y – .03 = 2.74% OIL + .52 = 64.90 GOLD + .60 = 1326.00   Major U.S. markets will be closed for Good Friday. The Easter weekend, including Easter Monday on April 2, also coincides with Passover this year, which begins on Friday. most European exchanges will also remain shut for Easter Monday.   So, we can wrap up the week, the month of March, and the first quarter. For the week, the Dow rose 2.6%, while the S&P added 2.1% and the Nasdaq was up 1%. For the month of March, all three saw steep declines, with the Dow off 3.5%, the S&P 500 off 2.7% and the Nasdaq off 2.9% in its biggest monthly drop since January 2016. In the first quarter, during which time the Dow and S&P fell into correction territory, the Dow fell 2.3% and the S&P lost 1.2%. Both ended nine-quarter streaks of gains; for the Dow, that represented its longest such streak since 1997. The Nasdaq gained 2.3% in the first quarter, its seventh-straight quarterly gain. The first quarter also saw the return of volatility. Just in the first three months of this year, the S&P has jumped or fallen 1 percent on 23 trading …

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Source: Financial Review