• Market Update | Quarterly Market Review for Q3 (as of market close September 28, 2018)

    The third quarter proved to be very strong for domestic stocks.

     

    July saw the major benchmark indexes listed here enjoy robust gains, led by the large caps of the Dow and S&P 500.

     

    Global stocks also rebounded in July, with the Global Dow surging 3.76% by the end of July. Favorable economic indicators and encouraging corporate earnings reports were enough to quell investor concerns over the continuing saga that is the back-and-forth trade tariffs between the United States and China. August saw stocks continue to push ahead. Several of the benchmark indexes listed here reached record highs during the month. Both the Dow and S&P 500 posted monthly gains of 2.16% and 3.03%, respectively. However, tech stocks and small caps made notable monthly gains. 

     

    Q3 2018 Market Update

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    The Nasdaq increased by almost 6.0%, while the Russell 2000 eclipsed 4.0%. Corporate earnings continued to soar on the heels of corporate tax cuts, consumer spending, and global growth Corporate earnings continued to soar on the heels of corporate tax cuts, consumer spending, and global growth. Toward the end of September, a new round of reciprocal tariffs between the United States and China kicked in as it appears neither economic giant is ready to flinch. The United States imposed an additional $200 billion in tariffs on Chinese goods, prompting China to assess $60 billion worth of tariffs on U.S. products… Click here to read the full article.

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