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S&P 500 eyes best quarterly win streak since go-go ‘90s

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S&P 500 eyes best quarterly win streak since go-go ‘90s

The S&P 500, currently riding an eight-quarter winning streak, starts the last day of the first quarter clinging to a 1.3% gain and within striking distance of its longest quarterly winning streak  in 17 years.nasdaq-stock-market

Wall Street wraps up what has been a wild, volatile quarter today. The Standard & Poor’s 500-stock index rallied sharply Monday to 2086.24, extending its quarterly gain to 1.3%. But in afternoon trading today on Wall Street the benchmark large-company stock index is down 8.48 points, or 0.4%. to 2077.65.

The U.S. stock market is again being weighed down by continued dollar strength vs. the euro, falling U.S. crude prices and continued angst related to the timing of the Federal Reserve’s first interest rate hike since 2006 later this year. If the S&P 500 can finish the first three months of 2015 in the black (it closed 2014 at 2058.90), it would mark its ninth straight quarter of gains, stretching back to the fourth quarter of 2012.

And in a sign of how consistent and steady stock market returns have been in recent years, if the S&P 500 can notch a ninth quarter of gains in a row, it would be the longest since a 14-quarter streak in the great bull market of the 1990s, according to data provided by Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. Back in the mid-’90s, the S&P 500 rattled off 14 quarters of gains beginning in the first-quarter of 1995 and ending in the second quarter of 1998


February 2018
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