Monday, March 4, 2019

February's Stock Market Scorecard

After a fabulous January, Wall Street’s rally continued in February. The three major stock indexes — the Dow, S&P 500 and Nasdaq Composite — gained 3.7 percent, 3 percent and 3.4 percent, respectively. Year to date, the indexes have gained 11.1 percent. 11.1 percent and 13.5 percent.

That is the fifth biggest gain to start a year in all of the history of the S&P 500. It's also the best start since 1987, when the index gained 17.4 percent in its first two months.

Historically, when January and February have each gained, the year has ended up significantly positive. Since 1938, when both January and February were positive, the S&P ended up on average by more than 20 percent, and was positive 29 of 30 times.

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