Stocks End Q1 Higher But Last Day Lower
Wednesday, March 31, 2010
Market Commentary:
The major averages ended lower on the last day of the first quarter. For the year and quarter, US equities rallied as investors looked past the Greek woes and remain optimistic about the economic recovery. Volume totals on the NYSE and on the Nasdaq exchange were reported higher compared to Tuesday’s session which marked a distribution day for both major exchanges. Decliners led advancers by an 11-to-8 ratio on the NYSE and by a 17-to-10 ratio on the Nasdaq exchange. There were only 16 high-ranked companies from the CANSLIM.net Leaders List that made a new 52-week high and appeared on the CANSLIM.net BreakOuts Page, lower than the 44 issues that appeared on the prior session. New 52-week highs outnumbered new lows on both exchanges yet again.