One Quarter Down. $Nasdaq100 Bull 3X ETF(TQQQ)$
The Dow Jones Industrial Average and S&P 500 both finished a superlative first quarter at record highs ahead of the long weekend—stock and bond markets will be closed for Good Friday tomorrow.
Both indexes are up in five of the past six quarters. The S&P 500, up 0.1% today, has gained 10.2% since the beginning of 2024—its best start to a year since 2019. That kind of early-year surge has historically been a sign of more good things to come.
Since 1950, when the index gains 10% or more in the first quarter, it has finished the year higher 91% of the time and averaged a gain of 6.5% in the remainder of the year.
The Nasdaq Composite slipped 0.1% today to end the first quarter up 9.1%. The Dow added 0.1% to stretch its three-month gain to 5.6%.
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