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U.S. stocks survived everything the global economy threw at Wall Street in the third quarter.
Investors shrugged off the ongoing war in Iran, persistent inflation woes, Federal Reserve interest rate hikes, and surging U.S. Treasury bond yields from the July to September span.
The tech-heavy Nasdaq composite index reached an all-time high of almost 27,300 in September, logging a quarterly gain of almost 4 percent.
The broad-market S&P 500 topped 7,800 for the first time before paring back its gains. Still, the index posted a third-quarter increase of around 3 percent.
The blue-chip Dow Jones Industrial Average was the lone major benchmark average outcast, logging a modest 2 percent loss….
Investors shrugged off the ongoing war in Iran, persistent inflation woes, Federal Reserve interest rate hikes, and surging U.S. Treasury bond yields from the July to September span.
The tech-heavy Nasdaq composite index reached an all-time high of almost 27,300 in September, logging a quarterly gain of almost 4 percent.
The broad-market S&P 500 topped 7,800 for the first time before paring back its gains. Still, the index posted a third-quarter increase of around 3 percent.
The blue-chip Dow Jones Industrial Average was the lone major benchmark average outcast, logging a modest 2 percent loss….
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