S&P 500 Index up 135% since March 2009
by Karen Deenihan
Global stockmarkets have enjoyed a strong run since the start of the year. The broad MSCI World Index rose by 7.2% over the quarter and 2.1% over March. The S&P 500 finished March at 1,569.19 eclipsing its last record close of 1,565.15 set in October 2007. The S&P 500 rose by 3.8% over March and 10.6% over the first quarter. Driven by aggressive monetary easing and record profits from the index’s constituents, the S&P 500 has risen by 135% since its record low of 666.79 reached in March 2009. The Nikkei has also had a bumper quarter rising by 18.7% over the quarter and 6.7% over the month.
Source of all statistics: The FT and State Street.
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