Thursday, October 1, 2015

End of a Rough Quarter

The stock market broke the curse of September 30 yesterday, but that was about the only good thing you could say about the quarter that just came to an end. The S&P 500 rose by 1.9 percent on the day, but that wasn't enough to prevent if from being down overall for the second straight quarter.

The S&P lost 6.9 percent over the third quarter. With commodity prices plummeting, the materials sector was down 17 percent and the energy sector 18 percent. Among the index's ten sectors, only the utilities sector posted a gain for the quarter.

Overall, it was the S&P's biggest quarterly decline since September 2011. But it could have been worse: The Dow Jones Industrial Average had its worst quarter since 2008.

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