Q1 FINdex Sees Strong Results –
FEATURE
Q1 FINdex Sees Strong Results
Amid a bull market rush, the FIN Fastener Stock Index showed strength in the opening quarter of 2013, but it was not enough to best an index of related industrial stocks.
The opening quarter of 2013 was full of positive market news and major acquisitions.
The Dow Jones Industrial Average hit a record on March 8, breaking a barrier it had not surpassed since October 2007.
That day the Dow closed at 14,397.07, capping a week of positive financial news that included Labor Department figures on stronger-than-expected job growth in February, the Associated Press reports.
For the year the Dow is up 11.3%, the S&P 500 has risen 10% and the Nasdaq has gained 8.2%.
But some FINdex companies outperformed the Dow in Q1.
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