The first quarter of 2017 is now behind us, and although we won’t have complete economic data for a while, we do know that domestic stocks had a solid start to the year. Last week, major indexes took a pause from some recent gains and began the second quarter of 2017 with less than thrilling performance. The S&P 500 lost 0.30%, the Dow was down 0.03%, the NASDAQ gave back 0.57%, and the MSCI EAFE declined 0.72%.[i] For this week’s update, I’m going to look at what happened to markets in the first quarter.
How did markets perform in Q1?
All three major domestic indexes posted sizable gains in the first three months of 2017:[ii]
- S&P 500 up 5.5%