Bouchey Financial Group 3rd Quarter Market & Economic Review
Market Overview
U.S. large cap companies continued to show strength in the 3rd quarter with the S&P 500 index increasing 0.66%, extending its string of quarterly gains to seven and pushing the year-to-date gain for the index to 6.68% as shown in Exhibit 1. During the quarter, the index hit its 34th record close on September 18th but declined over the last several days of the quarter. The Nasdaq index also saw strength in the quarter, gaining 5.20% and 12.78% year-to-date with investors favoring the growth opportunities of the technology sector.
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