First Quarter 2024 - Review and Outlook
Monday, April 8, 2024
What Just Happened? Last year’s bull market stormed into 2024. The S&P 500® Index of large stocks returned over 10% in the March quarter, one of the best first quarters of this century. The other major U.S. equity indices – the Dow Jones Industrial Average and the NASDAQ Composite Index – enjoyed similarly strong March quarters, up 6% and 9%, respectively. These star turns were anchored in economic strength: U.S. real gross domestic product (GDP) surged by 3.4% in the December 2023 quarter, well above the economy’s 10-year average annual growth rate of 2%.
Roseann Heffernan
Assistant Vice President,
Client Relations
Dennison T. Veru
Senior Partner,
Chief Investment Officer
Lorraine R. Salvo, CFP®, CDFA®
Managing Director,
Private Wealth Management & Head of Financial Planning
Michael Feiler
Partner,
Private Wealth Management
Bernard Picchi, CFA
Managing Director,
Private Wealth Management
Wendy Popowich
Managing Director,
Private Wealth Management
Arely Quintanilla
Assistant Vice President,
Client Relations
Catherine Carpenter, FPQP®
Vice President,
Relationship Manager
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