Fidelity Select Fundranker

Fundranker Blog—Rally Still Going

Rally Still Going

The spring rally continues to advance and now has lasted 14 weeks. The Nasdaq Composite (as measured by Fidelity’s Nasdaq Composite Index Fund), the S&P 500 (as measured by Fidelity’s Spartan 500 Index Fund), and Fundranker’s Top Eight Model Portfolio all hit new rally highs on Thursday, June 11, and closed Friday, June 12, with gains of 46.7%, 40.8%, and 32.9%, respectively, over their March 9 lows. As of June 12, the Nasdaq Composite, the S&P 500, and Fundranker are 12.9%, 2.5%, and 1.5% higher, respectively, than their January 6 highs.

Posted 6/15/09 10:29am ET in Economy, Fundranker, Market