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Market Update

Third Quarter in Stocks: A Hot Summer for Stocks

Market extends its rally through the summer months.

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If you enjoyed the market rebound in the second quarter, you're in for more good news.

The stock market continued to add to its first-half gains despite the seasonally slow summer months. The S&P 500 Index posted a 2.3% quarterly gain through September 26, while the Dow Jones Industrial Average gained 3.6%. Technology stocks, which are typically more volatile than other sectors, continued to outperform the broader market. The Nasdaq Composite climbed 10.4% during the quarter, putting the index up 34.2% for the year to date.

Jim Callahan does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.