Funds that focus on U.S. stocks charged to record highs in the third quarter as companies’ tax-cut-fueled profits gains surpassed even upsized expectations.
The U.S. economy also hit its fastest growth rate in nearly four years, and S&P 500 index funds are on track for their best quarter in nearly five years.
Foreign stock funds’ had modest gains or were down, restrained by worries about a trade war and slower economic growth. Bond funds struggled in the face of rising interest rates.
The Emergency Election Sale is now live! Get 30% to 60% off our most popular products today!