Equity Markets Decline in October

The major market indices, and related mutual funds, declined in October despite two month-end trading days of sharp gains. For the month, the Nasdaq lost 1.4 percent, the Dow fell 1.2 percent, and the S&P 500 dropped by 1.8, according to this article from Mercury News Wire Services published at SiliconValley.com. "Steven Goldman, chief market strategist at Weeden & Co., linked Monday's rally to a broad recovery from last week's lows and typical end-of-the-month trading as hedge funds and mutual funds try to boost returns. Basically we had market sentiment get a bit too one-sided,'' he said about recent down days on Wall Street, "Stocks were getting in place to rebound.''

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(May '04-Jun '05)