Monday, 1 October 2018

US stock market rally continues as rest of the world falters

The S&P 500 finished flat on Friday, the last day of September, but that was enough for it to finish the month up 0.4 percent. It also completed a 7.2 percent gain for the third quarter.

Sam Stovall, chief investment strategist at CFRA, said that the average fourth-quarter gain for the S&P 500 since World War II has been 4.1 percent, but if the third quarter is positive then the fourth quarter has seen the index "up 3.8 percent on average, and the market rose 82 percent of the time".

In contrast to the US stock market, the rest of the world has done very badly, with some markets falling into bear territory.

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