Market Recap

There is no denying that 2012 was a much better year for stocks than 2011. Last year’s stock market performance was particularly impressive given all of the continuing economic problems in Europe, pre-election uncertainty and end-of-year fiscal cliff fears.
For the quarter, the Dow rose 4.3% and was up 9.9% through September 30, 2012. The S&P 500 has had an even stronger year, with a 5.8% rise during the 3rd quarter and a 14.6% gain year-to-date (9/30/12). The NASDAQ also had a great quarter, increasing 6.2% and 19.6% year-to-date (9/30/12).
The first half of 2012 gave us another wild ride, and by the look of things, the balance of the year could prove equally volatile. Stock markets worldwide soared on the last day of the 2nd quarter, as large company U.S. stocks finished the week up 2%
As the U.S. economy continued its slow march towards recovery and Europe managed to fight off the threat of a Greek default on key bond payments, even higher gas prices couldn't stop equities from moving upward in the 1st quarter of 2012. The S&P 500 registered its best 1st quarter performance since 1998