Nasdaq Posts Strong Relative Performance

Chart of the Week for March 7-13, 2003

A strong rebound in the Nasdaq Composite has propelled this volatile benchmark ahead of the Standard & Poor’s 500 Index year to date. The green line indicates Nasdaq’s performance year to date; the dark blue line graphs the amount by which the Nasdaq is outperforming the S&P 500. This outperformance is attributable to consumer discretionary and information technology sectors. Strong performance in these sectors bodes well for the economy as a whole. Consumer spending has sustained the economy over the last few years. A rebound in the information technology sector could indicate increased interest in capital investment; this has been a critical missing component in economic growth.

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