Major Indexes Third Quarter Performance
Chart of the Week for October 8-14, 2004
Major equity market indexes tumbled in the third quarter 2004. Nasdaq took the hardest hit losing 7.4% for the quarter and is down 5.3% for the year so far. The Dow Jones Industrial Average (DJIA) lost 3.4%, its largest percentage decline since the fist quarter 2003. The DJIA is down 3.6% year to date. The S&P 500 index was down 2.3%, the least amount of all three major indexes. The Index has seen a 0.24% increase this year. Historically, markets have seen positive returns in the fourth quarter, however analysts are hesitant to get their hopes up with record breaking oil prices and other economic and geopolitical uncertainties.
* This illustration was compiled by information provided by Bloomberg L.P., which is an information services, news and media company serving customers around the world. Bloomberg L.P. is not affiliated with the ICMA-RC (“ ICMA-RC ”). This information is being provided for educational purposes and is not intended to be construed as or relied upon as investment advice. Individuals are advised to consider any new investment strategies carefully prior to implementing. Past performance does not guarantee future results. Investment returns and principal value will fluctuate, so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data illustrated. For performance data current to the most recent month end, contact ICMA-RC Services, LLC by calling 1-800-669-7400 or by writing to 777 North Capitol Street, NE, Washington, DC 20002-4240, or by visiting