All major asset classes advanced in the third quarter amidst increased volatility and despite some sharp September declines.
U.S. equity indices were up across the board in the third quarter, led by the Dow Jones Transportation Index (up 22.43%) and the technology-heavy NASDAQ (up 11.02%). The “capitalization weighted” S&P 500 had its best third quarter since 2010 (up 8.93%), despite its worst September since 2011 (down nearly 4%). The average daily change for the S&P 500 for the quarter was approximately 1%, which tends to be consistent with sharper swings in the market. READ MORE