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Dow & S&P Up Five Consecutive Aprils

Today marks another month end, the U.S. Major Indexes are on track to their third successive month of gains with the Nasdaq Composite outperforming the Dow and the S&P up ~4.8% versus a gain of ~2.9% & ~3.2% respectively as of Thursday’s closing prices. Certainly April proves to be a strong month for stocks as it ranks as the 4th best month out of the year for all three indexes where the S&P and Nasdaq Composite has yielded positive returns 62% of the time or more with average gains of 1.3% and 1.5%. Even more impressive, the Dow & S&P are poised to close in positive territory for the fifth consecutive April while the Nasdaq Composite is up for the fourth April in a row. Here is a preview on how the three US major indexes stand month to date versus previous months.

As of 4/29/2010 Closing Levels:• The Dow is up 310.69 points or 2.86% for the month, and up for the 3rd consecutive month.
• The S&P is up 37.34 points or 3.2% for the month, and up for the 3rd consecutive month.
• The NASDAQ Composite is up 113.96 points or 4.75% for the month, and up for the 3rd consecutive month.

Best/Worst April:
• Dow’s Best April was in 1933 when it increased 31.95% and its Worst April in 1932 when it declined -23.68%.
• S&P’s Best April was in 1933 when it increased 33.85%, and its Worst April in 1932 when it declined -20.25%.
• Nasdaq’s Best April was in 2002 when it increased 14.99%, and its Worst April in 2001 when it declined -15.57%.

Monthly Streaks:
• The Dow is on track to its longest monthly winning streak since 12/31/2009 when the Dow posted 6-consecutive months of gains.
• The S&P is on track to its longest monthly winning streak since 9/30/2009 when the S&P posted 7-consecutive months of gains.
• The Nasdaq Composite is on track to its longest monthly winning streak since 9/30/2009 when the Nasdaq posted 7-consecutive months of gains.

While the three benchmark indexes have seen healthy gains so far this month, the S&P Consumer Discretionary sector is the best performer amongst its peers with stellar gains of 8.2% and on pace to its best monthly % gain July 2009 when it rose 9.4%. Also, only three sectors are down for the month which include: the Healthcare, Consumer Staples, and the Telecom Sectors, each down -2.7%, -1.04%, and -0.68%. See the tables below for the Dow’s and S&P’s Gainers & Losers in April.

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