March ETF Performance Report
March 31, 2009 at 1:40 pm by Tom Lydon www.etftrends.com
March was one of the best months in years for the major indexes and exchange traded funds (ETFs).
The Dow Jones Industrial Average rose 7.7% for March, but lost 12.2% this quarter. While no one is declaring the problems in the economy fixed, some strategists say that there’s at least a change in perception. Earnings season is now beginning, and many are nervous about what the reports will bring.
The S&P 500 rose 8.5% for the month and fell 10.4% for the quarter. The Nasdaq gained 10.9% in March, but lost 1.4% in the quarter.
The strongest sector for the month was solar energy, which rose 29%. For the quarter, gasoline was a standout, gaining 33.5%.
For a complete look at the month of March, as well as the first quarter of 2009, click through to see our March ETF Performance Report.