It was a great first quarter of the year for stocks. The S & P 500 jumped 10.16% over the first three months and notched a series of all-time highs, including in Thursday's session. It marked the index's best first quarter in half a decade. The Dow Jones Industrial Average and Nasdaq also had strong performances and hit records during the quarter. The blue-chip Dow finished Thursday at a fresh peak, while the tech-heavy Nasdaq's most recent record came on March 22.
mountain Meta Platforms year-to-date performance Meta Platforms climbed 37.2% in the first quarter, coming in at second place within the portfolio. The parent company of Facebook and Instagram received a boost after its Feb. 1 earnings report , when management declared Meta's first-ever quarterly dividend and issued knockout results and guidance. The stock surged 20.3% in the post-earnings session, and then more steadily moved higher in the following weeks – closing at a record high of $512.
mountain Starbucks year-to-date performance Starbucks stock was the portfolio's third-worst performer in the first quarter, with shares dropping 4.8% over the period. The Seattle-based coffee chain has been a big disappointment for us, as it faces headwinds in key markets at home and overseas. This includes challenges in the U.S., China and the Middle East.
mountain Palo Alto Networks year-to-date performance Palo Alto Networks stock fell 3.7% during the first quarter, rounding out No. 4 for most losses. Shares of the cybersecurity company experienced a steep post-earnings sell-off after management cut its full-year revenue guidance on Feb. 20 . This is because Palo Alto is shifting its business strategy, choosing to give away some of its offerings for free to customers.
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