Major U.S. indices
The third quarter of 2017 (Q3-2017) showed positive performance for the broader U.S. equity market, as the S&P, DJIA and NASDAQ closed up 12.5 percent, 13.4 percent and 20.7 percent, respectively, for the quarter. In the LTM period ending September 30, the S&P, DJIA and NASDAQ closed up 16.2 percent, 22.4 percent and 22.3 percent, respectively.
Food and beverage relative performance
As of September 30, 2017, three of the six food and beverage segments exhibited increases on a trailing 12-month basis. These increases were largely attributable to positive market sentiment, continued improvements in fundamental economic variables and the expectation of impending U.S. tax reforms.
The agribusiness segment performed the best of the six food and beverage segments. This segment exhibited stock gains of 12.1 percent, lagging the strong performance of the S&P 500 index’s 16.2 percent during the observed period.
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