3Q : A Different Format

September historically is the weakest month of the year for the U.S. stock markets. This last month was no exception. For September, the DJIA closed 2.3% lower, the S&P 500 dropped 3.9% and the NASDAQ Composite fell 5.2%. All three indices did reach record highs during the first week before reversals kicked in, led by the mega-cap technology issues. On a quarterly basis, the DJIA advanced 7.6%, the S&P 500 rose 8.5% and the NASDAQ Composite finished up 11% - the second consecutive quarter of dramatic gains

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