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Q1 Review

Posted By Barry Ritholtz On April 1, 2010 @ 8:30 am In Markets | Comments Disabled

Nice overview of the past quarter, via the WSJ [1]:

U.S. stock prices extended their rally during the first quarter, battling back from a steep February selloff amid continued global economic and political uncertainty.

The trends that had helped share prices stage a remarkable recovery in 2009 continued to provide a favorable backdrop for U.S. stocks. Corporate earnings again came in stronger than expected and the battered U.S. economy continued its convalescence.

The Dow Jones Industrial Average gained 4.1% or 428.58 points during the first quarter, to 10856.63. That marked the Dow’s fourth consecutive quarterly gain and the best first-quarter performance since 1999. The broad Standard & Poor’s 500-stock index rose 4.9% to 1169.43, but remains 25% below its all-time high posted in October 2007.

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[2]

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Source:
Bull Muscles Through Tumult [1]
TOM LAURICELLA
WSJ, APRIL 1, 2010
http://online.wsj.com/article/SB10001424052702304434404575150820255474634.html


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[1] WSJ: http://online.wsj.com/article/SB10001424052702304434404575150820255474634.html

[2] Image: http://www.ritholtz.com/blog/wp-content/uploads/2010/04/Q1-DOW-2010-03-31.gif

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