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Market Extra: The Dow’s streak of quarterly gains is at risk of ending at nine

The recent weakness within the U.S. inventory marketplace may spell the end of a few main streaks.

This week marks the general buying and selling week of the primary quarter of 2018, and at present levels it remains a toss-up whether main indexes will extend or end long profitable runs of quarterly positive factors.

With only one buying and selling consultation left within the first 3 months of the yr, the Dow Jones Industrial Average DJIA, -Zero.04% is down three.five% for the quarter. If it closes in negative territory for the length, which turns out most probably, that can snap a nine-quarter streak of positive factors, the longest such streak for the blue-chip reasonable since an 11-quarter rally that ended within the 3rd quarter of 1997.

The S&P 500 SPX, -Zero.29% also entered the yr’s first quarter with nine immediately quarterly positive factors, matching a streak that ended within the first quarter of 2015. Currently the S&P 500 is down 2.6% for the quarter, a deficit it should have hassle erasing ahead of the ultimate bell on Thursday.

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If the S&P ends positive for the quarter, marking a 10th immediately quarterly advance, that can constitute the longest such streak since a 14-quarterly rally that ended in the second one quarter of 1998.

On a total-return basis, the S&P is down 1.8% over the primary quarter. The total-return S&P has also risen for nine immediately quarters, but if it goes inexperienced for a 10th, that can simplest match the longest streak since a 10-quarter rally finishing in the second one quarter of 2015.

The Nasdaq Composite Index COMP, -Zero.85% seems to be just a little more protected to increase a notable quarterly streak of its own; it’s up Zero.7% up to now within the first quarter. However, that simplest represents its seventh immediately quarterly achieve, its longest such streak since a 10-quarter rally that ended in 2015.

For the month of March, the Dow is down four.7%, the S&P 500 is off four%, and the Nasdaq has lost four.five%. It will be the 2nd immediately per 30 days loss for all 3.