Considering it was September, domestic equity markets performed relatively well last month. The red-hot NASDAQ cooled a bit losing .63%. Both the S&P 500 and Dow posted gains; .81% for the S&P, 2.56% for the Dow. Year-to-date the NASDAQ, S&P 500, and Dow have advanced 16.56%, 8.99%, and 7.04% respectively. 2018 could be a very good year for domestic stocks as we enter the fourth quarter which is a time of year domestic equity returns typically excel.
Performance on the sector level reflects the strong performance the Dow turned in last month as the Industrial and Energy sectors rallied both gaining more than 3% for the period. Health Care issues continued to rally tacking on another 3.35% in September. For the year the Health Care sector has advanced over 15%. The Technology and Consumer Discretionary sectors continue to outperform all other sectors for the year with gains north of 20%. Many of the defensive sectors continue to underperform on a relative basis.