The S&P 500 was down slightly last month as was the NASDAQ. For each, it was the first drop since November. The DJIA rose a tiny amount which kept its multi-month rally alive. The NASDAQ’s prospects would have been worse if it were not for the success of the shares in Apple (NASDAQ: AAPL) and to a smaller extent Google (NASDAQ: GOOG). Some experts say that the presence of the two companies in the index distorts its prospects.
Douglas A. McIntyre