Michael Haddad By Teresa Rivas Updated Sept. 28, 2018 6:16 p.m. ET
Final fizzle. Stocks ended the quarter mixed, following a small gain for the Dow on Friday. Still, the past three months’ 9% jump is nothing to sneeze at, as all three indexes sit within spitting distance of their record highs. In Friday’s After the Bell, we…
…review the quarter that was;
…ponder what may be ahead for markets; and
…tell a tale of two semiconductor stocks.
Third Verse, Same as the First
Stocks waffled toward the end of Friday, with little in the way of news, but capped a buoyant third quarter in what has already been a strong year for the economy and equity markets.
The Dow Jones Industrial Average gained 18.38 points, or 0.07%, to 26458.31, while the S&P 500 slipped 0.02 points, or 0.001%, to 2913.98, and the Nasdaq Composite added 4.38 points, or 0.05%, to 8046.35.
The Dow dropped 1.1% this week but gained more than 9% this quarter.
There were plenty of times during recent months when trade looked like it might knock stocks from their perch, but U.S. markets proved resilient in the face of back-and-forth tough talk on tariffs, as well as political unease. In the end, investors should be happy, according to Commonwealth Financial Network’s Brad McMillan. “Given the very real risks we faced at the start of the quarter, things could have been much worse,” he writes.
The real question, of course, is whether the bull market will continue into the end of the year. McMillan’s bet is that it will, thanks to strong economic