Top Nav

Stock Market Today

Three-quarters of the way through 2013, the stock market today has performed admirably. The average diversified U.S. stock fund soared 7.7% from July through September.

The third-quarter gain, the best since the first quarter, brings 2013’s average gain to 21.6% vs. 20.5% for the S&P 500 index. If the year were to end here, it would be the best one since 2009.

stock-market-todayStock Market Today 

  • Average stock gains 21.6%.
  • Emerging markets sell off.
  • Influenced by news of the day.

Small company growth funds jumped 12.8% the third quarter, bringing the 2013 gain to 32.2%. The biggest improvement through the third-quarter 2013 happened with precious metals funds, up 11.4%, thanks to a big rebound in gold prices.

Health and biotechnology funds were up 13.9% for the third quarter and 38.3% for the year.

Global science and technology funds rose 13.4% for the quarter and 22.5% for the year. The top fund for the quarter was Direxion China Bull 3X fund, up 93.6%. It uses leverage to capture the Chinese market’s gains and losses.

Some international funds also fared well. European funds gained 13.1% for the quarter, and international large-cap core funds — your basic diversified large-company international fund — jumped 11.6%.

Emerging markets funds, however, gained 5.5% for the quarter, and are still down 2.2% for 2013. India funds fell 6.5%, and real estate funds lost 1.7%.

Stock Market Today: Looking Ahead

However, the stock market is being influenced by a number of issues: a shutdown by the federal government, a threat by the Fed to reduce economic stimulation, unrest in the Middle East and a month—October—that historically has a bad reputation.

Historically, stocks have managed to advance the vast majority of the time (10 out of 11 occurrences) in the two weeks following a government shutdown. In addition, a Bloomberg report stated that since 1976, the S&P has risen 11% on average in the 12 months post-shutdown.

News of the day is likely to dominate trading in the coming days and weeks so should new tensions break out in the Middle East, investors may take profits and put new money to work in gold or bonds, both safe havens.

Be Careful Shorting Best Buy Stock

One day it’ll make a great short.  Just not today. Should you short Best Buy (NYSE:BBY)?  Chances are, if you do, you’re going to get burned in the short-term.  Over the long-term, the company doesn’t stand a chance.  Shorting Best Buy stock, then, depends either on your tolerance for pain, your time horizon, or just [...]

Does This Chart Point To A Stock Market Bubble?

Earlier this week my colleague Chris Preston pointed to a recent spike in the number of initial public offerings. Chris drew a parallel to the large number of internet company IPOs leading up to the collapse of dot-com bubble. Is this a sign that a stock market bubble is brewing? Chris noted that the IPO-day [...]

4 Cheap Dividend Stocks Under $10

Credit-based businesses pass on hefty dividends. One of the newest forms of dividend stocks to come out in recent years are businesses that lend out money in various forms, collect interest, and then forward most of those interest earnings to shareholders as dividends. I happen to love these businesses because I’m a specialty lending broker, [...]

3 Best Pharma Stocks Not In The U.S.

With tax inversions being one of the hottest topics in the merger and acquisition market these days, pharma stocks are in full focus. The S&P 500 is up just 7% year to date, while the NYSE Arca Pharma Index is up over 10%.   The rapidly aging of populations across the world is one of [...]

Earnings Results Drive These 2 Small Caps 10% Higher

This has been one of the best earnings seasons in three years. In fact, if we exclude the financial sector, earnings growth hasn’t been this high since the third quarter of 2011. According to data from FactSet though last Friday, the blended earnings growth rate excluding financial is an impressive 8.5%. As always, I’ve been [...]

More Recent Stock Market Today Articles

View All Stock Market Today Articles


Get the report FREE, enter your e-mail: