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Newhampshire News Online

Markets brace for March Madness

Markets brace for March Madness

It’s not just NCAA hoops players who have to deal with March Madness. Wall Street does too, as March has a reputation for maddening market mood swings, with the Nasdaq composite topping out in March 2000 and hitting a bear market bottom in March 2009.635606382359647780-MARCHMADNESSSTOCKS

So, with the Nasdaq again flirting with the 5000 milestone for the first time in 15 years and its March 2000 record close of 5048.62, what will move the markets up and down this month?

In general, March is the fifth-best performance month for the tech-packed Nasdaq. The average gain of 0.8% is less than the 1%-plus gains delivered by the Dow Jones industrial average and Standard & Poor’s 500-stock index in March. The Nasdaq’s best March ever was in 2009 when it gained 10.9% at the start of the six-year-old bull. Here are few key dates and potential market-moving events that could result in either a score for investors — or foul up their portfolios after very strong stock market