Friday, May 1, 2020

April in the Rearview Mirror

After all the turmoil in the markets, April ended up being the best month for the major indexes in decades. The S&P 500 closed up 12.68 percent last month and the Dow closed up 11.08 percent. For both of them, it was their best month since January 1987. 

In addition, it was the best April for both indexes since 1938, according to Dow Jones Market Data. The Nasdaq Composite’s rise of 15.5 percent marked its best April ever.

That's the good news. The bad news is that the S&P 500 is down 9.85 percent this year, while the Dow is down 14.69 percent this year. Both indexes are on pace for their worst year since 1978.

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