The Dow just beat the Nasdaq by the widest margin in a month since 2002. Here’s how stocks tend to perform afterward

In like a lamb, out like a lion. That’s how the trading action appeared to conclude for the Dow Jones Industrial Average in March, with the blue-chip index booking its widest monthly outperformance against the Nasdaq Composite in nearly a decade.

The nearly 125-year Dow has only outperformed the Nasdaq Composite by this great a margin in a month on 19 occasions, since the inception of the techy index in 1971. The backpedaling for the Nasdaq Composite in March comes as benchmark bond yields have been on the rise, helping the Dow makeup ground, pushing it to a year-to-date gain of 7.8%, versus a 5.8% gain for the Nasdaq. However, the Nasdaq still holds on to a substantial edge over the past year, up 72% compared with the Dow’s 50% return.

COVID vaccine rollouts and trillions of dollars in fiscal spending are expected to accelerate the economy’s rebound out of the depths of the public health crisis, which could further drive up rates and place additional pressures on techy names.

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Opinion: The Dow and the Nasdaq are diverging. Why that’s honey for stock market bearsOPINION: It’s not a good sign that wide divergences between the Dow Jones Industrial Average and the Nasdaq Composite have become almost commonplace, Mark Hulbert writes. OPINION: the Dow is a useless index
แหล่ง: MarketWatch - 🏆 3. / 97 อ่านเพิ่มเติม »

S&P 500, Dow start month on strong footing, growth stocks lagThe S&P 500 and the Dow indexes ended higher on Monday amid a largely upbeat earnings season, while the Nasdaq came under pressure from declines in some high-flying growth stocks, as the rotation into cyclical and 'reopening' stocks continued. How can this be true? The US President wasn't squawking about it....oh wait....different era now.
แหล่ง: Reuters - 🏆 2. / 97 อ่านเพิ่มเติม »

'Reopening' stocks give S&P 500, Dow strong footing, tech names lagThe S&P 500 and the Dow indexes ended higher on Monday amid a largely upbeat earnings season, while the Nasdaq came under pressure from declines in some high-flying growth stocks, as the rotation into cyclical and 'economy reopening' stocks continued.
แหล่ง: Reuters - 🏆 2. / 97 อ่านเพิ่มเติม »