Major U.S. indexes
The fourth quarter of 2017 (Q4-2017) showed positive performance for the broader U.S. equity market, as the S&P, DJIA and NASDAQ closed up 6.1 percent, 10.3 percent and 6.3 percent, respectively, for the quarter. In the LTM period ending December 31, the S&P, DJIA and NASDAQ closed up 19.4 percent, 25.1 percent and 28.2 percent, respectively.
Food and beverage relative performance
As of December 31, 2017, four of the five food and beverage segments exhibited increases on a trailing 12-month basis. These increases were largely attributable to continued strength in public equity markets, improvement in underlying economic indicators and legislative actions related to the revision of the U.S. tax code.
The beverage segment performed the best of the five food and beverage segments. This segment exhibited stock gains of 12.5 percent, lagging the strong performance of the S&P 500 index’s 18.4 percent increase during the observed period.
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