With The S&P 500 Up 7.2% In 3Q18, What's Driving Stocks?
As the third quarter of 2018 closed, the Standard Poor's 500 stock index — a barometer of the U.S. economy — closed the quarter at 2913.98 on Friday, as the unusually strong and long economic expansion powered stock prices to within 1% of its recently reached record high.
The S&P 500 rose 7.2% last quarter. It was the best quarter since the end of 2013, and the index was up about 9% since the start of the year.
Amid abnormal political polarization in the U.S., a crisis of trust in internet security, and nationalism rising worldwide while globalism was under attack, the bull market and economic boom recently turned nine years-old — the longest in U.S. history — raising worries about risk. What's driving stocks?
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