Monday, April 1, 2019

A Strong First Quarter

The first quarter of 2019 is now in the books, and it was a very strong one for the markets. The S&P 500 rose 13.1 percent this quarter and notched its best start to a year since 1998. It was the biggest gain for the S&P in any quarter since 2009.

The Dow Jones industrial average gained over 11 percent, while the tech-heavy Nasdaq rallied more than 16 percent. The small-cap Russell 2000 was up 14.2 percent.

Leading the way higher for U.S. stocks this quarter was the tech sector, which skyrocketed nearly 20 percent in the period. Tech giants Apple and Microsoft rose more than 16 percent each for the quarter, but the sector's best performer is an unlikely one: Xerox, which is up more than 60 percent.

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