MARKET WEEK: APRIL 7, 2014

The Markets

For the second straight week, the large caps of the Dow and S&P 500 fared better than the Nasdaq, which continued to be hurt by selling in the technology and biotech sectors that played such a big part in its 2013 gains. The S&P hit a new all-time closing high on Wednesday, while the Dow came close to matching the record close seen on New Year’s Eve 2013. Meanwhile, a jobs report that seemed to support the Fed’s current gradual tapering left bond markets relatively stable.

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QUARTERLY MARKET REVIEW: JANUARY-MARCH 2014

The Markets

Profit-taking from 2013′s strong run as well as currency and credit problems in several emerging markets threatened to derail the stock market as 2014 began. Those factors, combined with the prospect of less support from the Federal Reserve, a slowing Chinese economy, and renewed Cold War tensions, led to a volatile quarter for equities. After a dismal January, equities regained some strength once Congress avoided a fight over raising the debt ceiling limit. By early March the S&P 500 had hit a new all-time closing high; on the bull market’s fifth anniversary, the S&P was only a couple of hundred points away from having tripled since its March 2009 low. At that point the NASDAQ was up more than 4% for 2014, well ahead of the S&P 500 for the year and more than 5 percentage points ahead of the Dow industrials, which spend much of the quarter in negative territory.

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MARKET WEEK: MARCH 31, 2014

The Markets

Ouch: Last week was large-cap stocks’ time to shine (or at least outperform). The Nasdaq’s 2.8% loss represented its worst week since early October 2012, and the small caps of the Russell 2000 suffered even more; both were hurt by selling in the tech and biotech sectors. Meanwhile, the Global Dow rebounded into positive territory year-to-date.

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MARKET WEEK: MARCH 24, 2014

The Markets

The Fed taketh away and the Fed giveth: After domestic equities fell in the wake ofWednesday’s Federal Reserve announcement, encouraging manufacturing data, also from the Fed, helped stocks rebound to end the week with a gain. The Dow, which has generally been bringing up the rear in recent weeks, led the pack, though it remained solidly in negative territory for the year, along with its overseas counterpart. Meanwhile, bonds took a hit because of questions about the timing of an increase in short-term interest rates.

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MARKET WEEK: MARCH 17, 2014

The Markets

Disappointing economic data across the board from China plus the escalating tug-of-war over Crimea helped send equities south last week. The S&P 500′s decline put it back into negative territory for the year, while the instability in Ukraine sent investors scrambling for the relative security of U.S. Treasuries, sending the benchmark 10-year yield down as prices rose.

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