nasdaq on track for sixth consecutive quarter of gains
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

Nasdaq on track for sixth consecutive quarter of gains

Arab Today, arab today

Arab Today, arab today Nasdaq on track for sixth consecutive quarter of gains

US stocks
Washington - SPA

 U.S. stocks were little changed Monday, but the Standard & Poor’s 500 and the technology-heavy Nasdaq Composite indexes were on track to close a sixth consecutive quarter of gains—a streak not equaled in more than 14 years.
Following the S&P 500’s 30 percent gain last year, many investors had expected a halt to large stock gains now in their fifth year. The index has seen 22 record closing highs so far this year. Many analysts expect the S&P 500 to hit 2,000 for the first time sometime this year. That level would mark a gain of about 8.2 percent from 2013
Barring a market decline in the last hour of trade Monday, the S&P 500 and the Nasdaq will close higher for the sixth straight quarter. It would be the longest streak of quarterly advances for the Nasdaq since 2000, and for the S&P 500 since 1998. The Dow Jones industrial average is set for its fifth positive quarter of the last six.

 

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