2nd QUARTER EQUITIES
The Dow Jones Industrial Average increased 3.44% in the second quarter and was ahead 7.24% year-to-date. The S&P 500 index gained 2.57% for the quarter and was up 8.24% year-to-date. The Russell 2000 index of small cap equities was less impressive at 2.12% for the quarter and 4.29% for the year. The most impressive was technology with the Nasdaq Composite up 3.87% for the quarter and 14.07% for the year. Much of the growth was concentrated in the so-called FAANG stocks: Facebook, Apple, Netflix, and Google.