Fidelity Select Fundranker

Fundranker Blog—September 2010 Archive

September Surge 2010

The stock market turned dramatically higher during the first 13 trading days of September. Through September 20, the Nasdaq Composite Index (as measured by Fidelity’s Nasdaq Composite Index Fund), Fundranker’s Top Eight Model Portfolio, and the S&P 500 Index (as measured by Fidelity’s Spartan 500 Index - Investor Class Fund) had September gains of 11.514%, 9.520%, and 8.988%, respectively.

Through September 20, both the S&P 500 Index and Nasdaq Composite Index moved into the black for 2010 YTD, as well, with YTD gains of 3.797% and 4.357%, respectively, and moved out of correction territory with losses of 5.310% and 6.552%, respectively, since their April 23 bull market highs.

Through September 20, Fundranker’s Top Eight Model Portfolio also moved into the black for 2010 YTD with a gain of 1.573%, but it remained slightly into correction territory with a loss of 11.039% since its April 23 bull market high.

Posted 9/21/10 9:35am ET in Fundranker, Market | Permalink | Comments (0)