An Expanding Economy

3rd Quarter 2017

The S&P 500 advanced 2.8% in the second quarter and was up 8.2% for the year, easily surpassing the high that it achieved on March 1st. The Dow Jones Industrial Average ended the first half of the year up 8%, while the Tech-heavy NASDAQ gained 14.1% for the first six months of 2017. After a short pullback, the markets are ready to kick off the second-quarter earnings season. The pullback was due to recent profit taking in some high-flying sectors and a rotation into more reasonably valued areas.

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