Friday, April 1, 2011

A Very Solid Quarter

The first fiscal quarter of 2011 ended yesterday, and Wall Street has reason to be happy, with the S&P 500 ending the quarter up 5.4 percent. The Dow was even stronger, finishing up 6.4 percent. For both indexes, that's the strongest first-quarter performance we've seen since 1998.

Incredibly, every single stock in the S&P 500 had an up quarter. The biggest winner was the oil refiner Tesoro, which was up 44.7 percent, followed by another oil firm, Marathon, at 44 percent. Also in the top five were JDS Uniphase, up 43.9 percent; Micron Technology, up 43 percent; and Big Lots, up 42.6 percent.

Bringing up the rear: Amazon.com. But even there, the Internet retailing giant managed to eke out an increase of 0.07 percent for the quarter.

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