The first quarter of 2014 came to a close yesterday, and after some rocky going earlier on, the markets ended up turning in a respectable performance. The S&P 500 ended up increasing by 1.3 percent for the quarter, marking the fifth straight up quarter, which is its longest quarterly winning streak since 2007.
The Nasdaq similarly showed a modest gain for the quarter, rising by 0.5 percent. That index also marked a five-quarter winning streak. The Dow Jones industrial average was not so fortunate, dropping by 0.7 percent for the first quarter.
Even better is the performance of the Russell 2000 Small-Cap Index, which has now risen for seven consecutive quarters. But those small caps needed a last-second miracle - a 1.9 percent gain on the last day of the quarter - to bring the index above water.
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