STOCK MARKET UPDATE
Updated following each market day
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The quarter went out with a whimper on Tuesday as the popular averages gave back most of the previous day’s gains. There may have been more window undressing by money managers than dressing. The Dow Jones Industrial Average ended a slight loser for the quarter, while the NASDAQ Composite and S&P 500 were moderate winners. The Chicago purchasing managers saw manufacturing contracting in March but with a less pronounced decline than in February. The Conference Board indicated that consumer confidence has risen more than economists expected. Home prices were stable in January. The prices of crude oil and gold fell on Tuesday.
Above is my 3-
After weakness in late January, the launch on February 2 from the 200-
A new quarter commences on Wednesday. April is often a strong month for stocks. Pension managers will have fresh funds to put to work as the month begins. This could bode well.
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© Curt Renz
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