“Growth Stocks Still Riding the Wave: Stock Indexes Extend Winning Streak

by Safe Retirement Reports

After a tumultuous few months, stock markets have been on an overall winning streak in recent weeks. According to a report from Godzillanewz.com, the trend of growth stocks leading the way has continued in the most recent market activity.

The S&P 500, Dow Jones Industrial Average (DJIA) and the Nasdaq Composite all reached record highs during the week of September 28- October 2, 2020, according to the report. The S&P 500, in particular, has seen a 9.6% return in the past month, while the Dow Jones Industrial Average has seen a 7.6% return, and the Nasdaq Composite has seen a 9.7% return.

Growth stocks in particular have been a pillar of strength for the market. With companies like Amazon and Microsoft leading the charge, stocks in sectors such as technology and consumer discretionary have seen strong returns, providing a boost to the market. The financial sector has also seen an increase in value as investors continue to look for ways to profit from this era of ultra-low interest rates.

While market growth is certainly welcome news for investors, it is important to remember that volatility can always return at any time and it is best to invest with caution and diligence. Investing is best done with both an eye to the short term and the long term, and the right combination of stocks, bonds, mutual funds and ETFs should help investors to stay in front of dramatic market swings.

With its continuing winning streak, the stock market appears to be in a good place for the short term, but investors should not forget to always remain vigilant as they look to take advantage of the bull market.

You may also like