The Traderszone Network

Published in TZ Latest News 30 June, 2015 by The TZ Newswire Staff

S&P 500 barely budged in worst first half since 2010

While the battle of whether stocks would finish the quarter up or down wasn’t settled till the final moments, one statistic was clear all day: the Standard & Poor’s 500 Index was destined for its worst first half to a year since 2010. The prospects for higher interest rates, a slowdown in economic growth and Greece’s travails have frozen a market that rose 47 percent between 2011 and 2013. “The returns we’ve all had in the past three to five years are in the rear-view mirror,” John Fox, director of research at Fenimore Asset Management in Cobleskill, New York, said by phone.