S&P Rises Above Record Close as Markets Finish a Strong Quarter

All major indices closed the quarter on a positive note Thursday after news that the economy had expanded more in Q4 than was previously estimated by the government. The S&P 500 closed above it's previous record high and has gained nearly 10% in the first 3 months of 2013. The Dow and Nasdaq also finished with strong quarters, up 11.1% and 7.9% respectively. Unemployment claims rose more than expected last week, but most analysts did not see these numbers as a sign of weakening labor market recovery.  A reminder to our readers that the markets will be closed tomorrow, 3/29, in observance of Good Friday.

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Published on Mar 28, 2013
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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