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Stocks opened sharply lower yesterday, but after a mid-day 190 point loss, we saw a modest rebound taking the indices well off of their lows. The Dow closed down 77-points.
For the TSP, the C-fund lost 0.95% yesterday, the S-fund fell 1.63%, the I-fund dropped 0.90%, and the F-fund (bonds) gained 0.26%.
I had mentioned yesterday that I was leaning toward a down day today, but that I wasn't convinced the upside was over. And I'm still not convinced, as today's action may simply be a healthy pullback after some sizable gains. For the day the DOW retreated 0.67%, the S&P 500 was down 0.97%, and the Nasdaq dropped 1.24%. The Wilshire 4500 fell the hardest of our three TSP equity funds and that was down 1.62%, while the I fund wasn't far behind with a loss
The recent large moves in the indices made yesterday's 213-point gain in the Dow look small on the chart, but of course a 2% gain is nothing to sneeze at. Volatility is alive and well so don't get too comfortable yet.
For the TSP, the C-fund gained 2.18% yesterday, the S-fund jumped 2.84%, the I-fund was up 2.53%, and the F-fund (bonds) lost 0.22%.
The S&P 500 picked up another 2.2% yesterday
It was another big day for the bulls as they made it three straight gains in row. On the day, the DOW advanced 1.9%, the Nasdaq 1.88%, and the S&P 500 2.18%. In addition to those impressive gains, the EAFE (which our I fund tracks) was up an impressive 2.33%, while the Wilshire 4500 (S fund) was the biggest winner of the day with a gain of 2.82%.
Futures portended a higher open, and a higher open is what we got. Even a poor reading on the
Despite the triple digit gain in the Dow, the market was rather subdued on Friday compared to the prior four trading days, which all experienced 400-600 point moves. The broader market indices moved up more modestly on the day.
For the TSP, the C-fund gained 0.53% on Friday, the S-fund was up 0.48%, the I-fund picked up 0.95%, and the F-fund (bonds) added 0.38%. For more on the weekly and monthly returns, please see our TSP Weekly